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$147.72
-3.21 (-2.13%)
At Close: Jun 03, 2026
US equities were mixed on Monday in tandem with their global peers as investors digested the latest barrage of Western sanctions against Russia as its
Viatris Inc. , the company formed by the merger of Mylan and Pfizer Inc. unit Upjohn in 2020, said Monday it has reached an agreement to combine its biosimilars portfolio with Biocon Biologics Ltd. for up to $3.335 billion. The company said the move is the first in a planned series of asset sales that could generate pretax proceeds of up to $6 billion by the end of 2023, as it moves to reshape its business. Under the terms of the deal, Viatris will receive $2 billion in cash upfront, and $1 billion in convertible preferred shares, equal to a stake of at least 12.9% in Biocon Biologics. The deal is expected to close in the second half. "Upon closing, the transaction is expected to provide Viatris with immediate, enhanced financial flexibility, and accelerate its Phase I financial commitments," the company said in a statement. Biocon will target an initial public offering in India in late 2023. Pennsylvania-based Viatris will have the right to name on director to the Biocon board and will appoint its President, Rajiv Malik, to this seat.
The US 500 stock index (Cash) has gapped back beneath its 50-period simple moving average (SMA), throwing some doubt into whether the bounce from

Asian markets in choppy waters

09:16am, Monday, 28'th Feb 2022 MarketPulse
Asian equities are impressively resilient US futures were crushed at the Asian open this morning, unwinding all of Friday’s impressive gains. Since then, US index futures have pared some of those initial losses, while several key Asian markets are actually trading in positive territory. Futures on the S&P 500 are 1.20% lower, while the Nasdaq […]
Kyle Rodda, a market analyst at IG Australia, says US and European stock futures sank, but Asia-Pacific stocks were mostly higher in volatile trading, buoyed by Wall Street gains from Friday when the S&P 500 closed up 2.51%.
Asia-Pacific stocks were mostly higher in volatile trading, buoyed by Wall Street gains from Friday, when the S&P 500 closed up 2.51%. Japan''s Nikkei 225 rose 0.48%, recovering from an earlier loss. Australia''s benchmark added 0.64% after also being down at one point. Chinese blue chips, though, slipped 0.21%. MSCI''s index of regional stocks eked out a 0.09% gain.
The S&P 500 index future tumbled on Monday after the Ukraine war escalated over the weekend. Western powers blocked Russia’s access to the SWIFT payment network, sending crude oil prices higher and…

Market Perspective for February 27, 2022

01:49am, Monday, 28'th Feb 2022 Mutual Fund Investor Guide
The stock market was once again dominated by the situation in Russia. On Thursday, Russia invaded Ukraine, causing the market to open sharply lower. At one point, the Dow Jones Industrial Average and S&P 500 were both down more than … Continue reading »

Stock Futures Fall as Ukraine Crisis Continues

11:51pm, Sunday, 27'th Feb 2022 The Wall Street Journal
Futures for the S&P 500 dropped 2.4%, while futures for the Nasdaq-100 index declined 2.7%. The escalation of tensions over Moscow’s invasion of Ukraine has heightened anxieties in the financial markets.
Market sentiment remains sour as weekend headlines couldn’t placate fears of a full-fledged war between Ukraine and Russia, despite the latest agreeme
Medicaid-focused health insurer, Molina Healthcare (MOH), is expected to debut in the S&P 500 before the trading opens on March 02, it was announced last Friday
Cryptocurrency prices climbed late Friday after Russia agreed to talk to Ukrainian officials regarding the Russian invasion of Ukraine. According to Ukrainian presidential advisor Mykhailo Podolyak, who spoke to Reuters on Friday, Ukraine wants peace and is willing to engage with Russia about its neutral stance with regard to NATO. Russian Foreign Minister Sergei Lavrov said Friday that Russia would be open to discussions with Ukraine, but only if Ukraine’s troops had put down their weapons. “Neo-Nazis” should not be in charge of Ukraine, Lavrov stated. After Russian President Vladimir Putin unleashed a full-scale air assault and ground attack, Russian missiles and artillery rained down on Ukrainian cities on early Thursday. While this was going on, investors throughout the world were scrambling to make sense of the geopolitical shifts. Even though Russia’s ruble was at its worst level on record, the S&P 500 stock index surged more than 2%. Total crypto market cap at $1.738 trillion in the daily chart | Source: TradingView.com Related Article | NFT Vs.
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Last week stocks hit a flash point on the Russian invasion; technical and sentiment outlook is bullish in the days ahead.
NEW YORK—The Dow on Friday registered its biggest daily percentage gain since November 2020 with the market rebounding for a second day from the sharp selloff leading up to Russia’s invasion of Ukraine. Oil prices fell below $100 a barrel, easing some concerns about higher energy costs, and all 11 of the major S&P 500 […]
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