Tag: stocks

Moderna to join S&P 500, shares jump after hours

Test tubes are seen in front of a displayed Moderna logo in this illustration taken, May 21, 2021. REUTERS/Dado Ruvic/Illustration(Reuters) – Moderna Inc will join the S&P 500 index as of the start of trading on July 21, replacing Alexion Pharmaceuticals, S&P Dow Jones Indices said in a statement on Thursday. Moderna shares rose 6%

Australian stores limit baby formula as China demand hits stocks

One of Australia’s biggest supermarket chains said Wednesday some stores were moving baby formula behind counters and restricting sales as it emerged customers were clearing shelves and selling it online in China for more than double the price. Coles’ decision to take the milk product off aisles follows complaints from worried mothers over supplies and