Futures slip ahead of inflation, factory activity data – Reuters
- Date: 01-Oct-2021
- Source: Reuters
- Sector:Industrial
- Country:Gulf
Futures slip ahead of inflation, factory activity data – Reuters
(Reuters) -Wall Street’s main indexes were set to rise on Friday as steep losses in September saw investors buying into cheaper sectors, while drugmaker Merck rose on marking progress in the development of an oral COVID-19 drug.
FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo Allegri
Shares of Merck & Co Inc jumped 8.3% in premarket trading after the company’s experimental oral drug for COVID-19, molnupiravir, reduced by around 50% the chance of hospitalization or death for patients at risk of severe disease in a study.
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