Chipotle surges over $1,000 a share!

Kelly Evans's afternoon commentary & top market stories

VIEW IN BROWSER | SUBSCRIBE MON, MAY 18, 2020 YOUR AFTERNOON NEWS UPDATE AND MARKET ACTION FROM CNBC AS OF MON, MAY 18, 2020 • 12:58 ET DJIA 24518.47 +3.52% +833.05 S&P 500 2950.45 +3.03% +86.75 NASDAQ 9222.96 +2.31% +208.40 EDITOR'S NOTE I realize Chipotle is not the whole economy. But look at this chart. The stock has more than doubled off its lows, and today crossed $1,000 a share for the first time.    If this is anything like the shape of the whole U.S. recovery, we have a lot to be hopeful for (and granted, a lot of that priced in already)!    See you...now!! Headlines below.    Kelly Kelly Evans Twitter: @KellyCNBC Instagram: @realkellyevans KEY STORIES  Moderna reports positive data on early-stage coronavirus vaccine trial, shares surge Moderna said its early-stage human trial for a coronavirus vaccine produced Covid-19 antibodies in all participants, sending its shares surging. Stocks making the biggest moves in the premarket: Moderna, Goldman Sachs, Under Armour & more The stocks making the biggest moves in premarket trading include Moderna, Goldman Sachs, Under Armour, and more. Coronavirus live updates: 145 NYC children suffer from inflammatory syndrome; job losses may have bottomed Covid-19 has now infected more than 4.7 million people around the world as of Monday, killing at least 315,496 people. Stock market live updates: Dow up 800, Moderna positive vaccine data, Powell says 'no limit' A conversation about the latest market-moving news, including comments from the top-ranking Federal Reserve official. China's Xi pledges $2 billion to help fight coronavirus Chinese President Xi Jinping was speaking via video conferencing at the opening ceremony of a key World Health Organization meeting. Uber to cut 3,000 more jobs Uber is cutting 3,000 more jobs less than two weeks after an initial round of layoffs, CNBC confirmed Monday. Stocks making the biggest moves midday: Moderna, Delta, Bank of America, Best Buy, Disney & more Moderna shares spike on "positive data" from its coronavirus vaccine trial. Netflix shares slip as investors rotate out of "stay-at-home" stocks. SoftBank values WeWork at $2.9 billion, down from $47 billion a year ago WeWork was privately valued as much as $47 billion a year ago. Jack Ma quits SoftBank's board as its Vision Fund posts a record $18 billion loss Jack Ma is stepping down after the SoftBank Vision Fund incurred huge losses on companies like Uber, WeWork, and Oyo. Three stocks are worth buying ahead of this week's retail earnings wave, traders say Home Depot, Walmart and Target are poised to deliver strong earnings reports despite the economic impact of the coronavirus, traders say.     IN CASE YOU MISSED IT Airlines would increase fares to offset empty seats: Analyst Colleges face lawsuits over move to online instruction Here's what the new normal for office space in NYC may look like   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS