PLUG - Why Plug Power and Prevail Therapeutics Gave the Stock Market a Boost Tuesday Morning
The stock market has been a bit volatile lately, with major market benchmarks getting choppy after posting solid gains for 2020. Still, Tuesday morning brought a nice bounce for stocks after Monday's late-day declines. Investors still appear to be upbeat about the prospects for the U.S. economy in 2021, especially as coronavirus vaccines make their way toward people across the nation. As of 10:45 a.m. EST, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 39 points to 29,900. The S&P 500 (SNPINDEX: ^GSPC) climbed 13 points to 3,661, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) picked up 75 points to 12,515.
Hydrogen fuel-cell and battery technology has been a big focus area among investors, and today, Plug Power (NASDAQ: PLUG) announced big news that sent its shares climbing higher. But even bigger gains were in store for shareholders owning Prevail Therapeutics (NASDAQ: PRVL) , which became the latest target in a series of acquisitions from top players in the pharmaceutical industry.
Image source: Plug Power.
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Why Plug Power and Prevail Therapeutics Gave the Stock Market a Boost Tuesday Morning