Earnings, virus news to dictate direction of stock prices
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US stocks rose slightly last week as a vaccine breakthrough boosted hopes that the world could return to normal.
The gains could moderate this week if earnings reports are as dire as anticipated and Covid-19 outbreaks in the US sun belt become deadlier.
Shares of Moderna surged after the biotech company, which has never succeeded in bringing a drug to market, said that its experimental, RNA-based vaccine showed impressive levels of efficacy in a mid-stage clinical trial.
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