Dow Sinks 238 Points; Pharmaceutical Stocks Up
Stocks continued to fall today, starting the fourth quarter on a sour note as the Dow plunged 238 points on the day. Pharmaceutical companies, especially those with Ebola vaccinations or treatments, are big gainers today as the U.S. confirmed its first domestic Ebola case yesterday. The biggest gainers are Tekmira Pharmaceuticals (TKMR) up nearly 24%, NanoViricides (NNVC) rose 4.67%, and NewLink Genetics (NLNK) shares jumped up 11.28%.October began today and it is seen by some investors as a "frightful" month. Some of the scariest and most notorious days in stock market history have occurred in October. The epic crash in 1929, Black Monday in 1987 and more recently, the tipping point of the financial crisis in 2008.
Word on the Street
- What do investors need to know about October?
- U.S. manufacturing slowed down in September.
- Small businesses added 88,000 jobs last month.
- Expect gold prices to drop, possibly as low as $660.
- Pharmaceutical stocks rise as first U.S. Ebola case is confirmed.
- Is the Fed revealing too much information?
- TravelCenters of America (TA) drops on lower earnings.
Published on Oct 1, 2014By InvestorGuide Staff