Big Tech lift aids Wall Street recovery on Monday
Rising technology stocks propelled the market higher halting last week’s losses. The S&P 500 added 0.7 percent to 4487.46, the Dow gained 87 points to 34663.72, and the Nasdaq rose 1.1 percent to 13917.89 as Tesla Amazon and Meta led gains amid mixed inflation and Fed rate expectations.
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U S approves updated COVID vaccines amid fall protection push
The FDA authorized Moderna Pfizer BioNTech and later Novavax updated shots for broad use, aiming to curb severe illness this fall. CDC guidance will shape who should get the doses, with free access through insurers Medicare and public programs for the uninsured.
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MGM Resorts reports cyber security issue disrupts systems
MGM Resorts International faced a cybersecurity issue affecting some systems across the United States including Las Vegas properties and states such as Maryland Massachusetts Michigan Mississippi New Jersey New York and Ohio. The company said the incident led to shutting down certain systems while external cyber security experts and law enforcement engage in the investigation. A site post noted the reservation system and BetMGM sites were unavailable and customers were unable to log on.
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