“Value and smaller companies typically have more leverage to economic recoveries so a vaccine that would remove the weight of COVID-19 off the economy is a distinct positive,” wrote Bill Stone, chief investment officer at Stone Investment Partners. “Time will tell if this reversal in trends proves durable or starts “makin’ the tears rain down like a monsoon” for value proponents like the many recent false starts.”The recent outperformance in value stocks comes even as the number of coronavirus cases continues to increase, dampening the country’s near-term economic outlook.More than 1 million cases were confirmed in less than a week in the U.S., bring the country’s total to more than 11 million, according to data from Johns Hopkins University. Data from The Covid Tracking Project also showed U.S. coronavirus-related hospitalizations have risen to nearly 70,000.“The near-term COVID backdrop remains bleak with exploding cases, rising hospitalizations, and additional mitigation measures,” wrote Adam Crisafulli, founder of Vital Knowledge. “But the broader tape is willing to overlook all this for the time being.”Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. – Advertisement – Earlier in the day, the Dow and S&P 500 posted all-time closing highs. The Dow also notched an intraday record. Those gains came after Moderna released trial data showing its coronavirus vaccine was more than 94% effective, further raising expectations of a sharp economic recovery.That marked the second positive announcement related to a coronavirus vaccine in a week. Pfizer and BioNTech said Nov. 9 that their Covid-19 vaccine candidate was more than 90% effective among participants in a late-stage trial.Value stocks led the advance on Monday, building on their strong gains from last week. The iShares Russell 1000 Value ETF (IWD) jumped 1.9%, while its growth counterpart closed higher by just 0.5%.- Advertisement – Traders work on the floor of the New York Stock Exchange.Source: NYSE – Advertisement – U.S. stock futures opened slightly higher on Monday night after two of the three major market benchmarks closed at record levels.Dow Jones Industrial Average futures were up marginally and S&P 500 futures gained 0.1%. Nasdaq 100 futures outperformed, rising 0.6%.Tesla shares jumped more than 10% after S&P Dow Jones Indices said the electric car maker would join the S&P 500 index, effective Dec. 21.- Advertisement –
The No. 1 ranked University of Wisconsin women’s hockey team (23-2-1, 13-2-1 WCHA) continues a four-game homestand this weekend as the St. Cloud State Huskies (5-18-4, 1-16-1) come to LaBahn Arena. The Badgers head into the weekend having won 23 straight games against the Huskies, one of their best win streaks of all time against a single opponent. Even with this being the case, the Badgers will still have to show up and play hard this weekend as they know they will be getting every opponent’s best shot down the stretch as the current No. 1 team in the national rankings.Women’s Hockey: Badgers nab Border Battle sweep over Minnesota to solidify No. 1 rankingThe No. 1 University of Wisconsin-Madison women’s hockey team (23-2-1, 13-2-1 WCHA) has only spent five weeks of the season Read…Coming into this match up, Wisconsin is averaging 4.7 goals per game, a mark that leads the conference by almost a full goal per game. Meanwhile, St. Cloud State only averages 1.9 goals per game, good for last in the conference. As for individual statistics, Daryl Watts is currently leading the conference with 55 points, while the Huskies leading scorer is Klára Hymlárová with only 19 points.When it comes to goalkeeping, the Badgers also have a slight edge heading into the weekend series with the Huskies. Wisconsin starting goalie Kristen Campbell is coming off a pair of games against Minnesota in which she only surrendered four goals in two games.Women’s Hockey: Badgers advance into 2020 with comparatively dominant recordWisconsin’s women’s hockey team (20-1-1) is setting themselves up for yet another deep postseason run. There is no doubt the Read…This is especially impressive given the fact that the Gophers average just under four goals per game. Campbell’s performance also included a 22 save shutout in Saturday’s contest. Campbell also owns the conference’s best win percentage and second best goals against average, serving as the backbone of a strong Wisconsin defensive core. For the Huskies, starting goalkeeper Emma Polusny has been solid in net, tallying the most total saves in the conference as well as accumulating an impressive 91.7% save rate. Though they have a heavy talent advantage over the Huskies, the Badgers will need to turn in a couple strong performances to sweep the weekend series and continue their conference play dominance as the No. 1 team in the country.Women’s Hockey: Offensive weapons key in No. 1 Badgers’ continuing successThe University of Wisconsin women’s hockey team (18-1-1, 10-1-1 WCHA) is off to another predictably hot start. With little loss Read…There is little doubt that, at least on paper, Wisconsin should continue their dominant run against the Huskies. Yet, the Badgers were already upset once this season by Bemidji State, and any loss to a weaker opponent this late in the season could be detrimental to their national standing.
LIVE TV 11 months ago Wrestling Rankings: Deepak Punia becomes World No.1 in 86 kg category 10 months ago Dream11: GIB vs POR team predictions, analysis and squad updates Written By First Published: 27th October, 2019 08:45 IST WE RECOMMEND Indian pugilist Deepak won silver while tennis player N Sriram Balaji claimed a bronze medal in their respective events at the ongoing seventh Military World Games on Saturday. Deepak had to settle for the silver in the men’s light fly weight (46-49kg) category after losing 0-5 to gold medallist Zhussupov Temirtas of Kazakhstan in the final. Balaji then added to India’s tally by outclassing Uzbekistan’s Fomin Sergey 6-2 6-3 in the men’s singles bronze medal contest that lasted one hour 19 minutes.However, there was no luck for middle distance runner Jinson Johnson as he finished fifth in the men’s 1500m final with a timing of 3:49.34s. The gold, silver and bronze in this event went to Poland’s Rozmys Michal (3:46.33s), Morocco’s Ouladha Hicham (3:46.44s) and Lewandowski Marcin of Poland (3:46.61s) respectively. India also missed a medal in the men’s 4x400m final after the quartet of Kunhu Muhammed Puthanpurakk, Santosh Kumar Tamilarasan, Jabir Madari Palliyalil and Muhammed Anas Yahiya finished fourth with a timing of 3:06.81s Press Trust Of India 11 months ago Laal Kaptaan’s new trailer introduces Sonakshi, Zoya and Deepak FOLLOW US SUBSCRIBE TO US Last Updated: 27th October, 2019 08:45 IST Boxer Deepak Wins Silver, Balaji Claims Bronze In Military World Games 27-10-2019 08:31Indian pugilist Deepak won silver while tennis player Sriram Balaji claimed a bronze medal in their respective events at the seventh Military Wo COMMENT 10 months ago Boxer Deepak loses final in World Military Games, questions judgement WATCH US LIVE 10 months ago Deepak Malik: Details of the contestant’s appearance on Indian idol 11