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MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

Fed's Goolsbee says 'It makes sense to wait' before cutting rates

Company News for Jun 16, 2021

Zacks Equity Research
·1 min read

  • Shares of The Boeing Co. BA rose 0.6% following news that the U.S. and the European Union settled a long-standing dispute involving aircraft subsidies to Boeing and Airbus.

  • MicroStrategy Inc.’s MSTR shares popped 5.4% after the company stated it is planning to sell up to $1 billion worth of its shares and it will use the proceeds to buy additional Bitcoin.

  • Ocugen, Inc.’s OCGN shares gained 2.1% after the company said that it had struck a deal with Jubilant HollisterStier for manufacturing the COVID-19 vaccine, namely, Covaxin, in the United States.

  • Ford Motor Co. F shares rose 0.9% after the company stated that it has started shipping the new Bronco SUVs from its Michigan assembly plant.


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