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US markets hit new records; Moderna rallied 3%; Virgin Galactic plunged on share news

The Nasdaq closed 0.2% higher to a record 14,733 on Monday.

Moderna shares surged on Johnson & Johnson autoimmune link.

Virgin Galactic shares surge then plummet on US$500m share sale news.

The US markets started the week at a fresh set of record highs across the key indices as big banks posted notable gains ahead of reporting earnings this week. Investors are expecting strong Q2 results among the financial companies reporting this week. 

Investors also weighed up President Biden’s executive order announced on Thursday aimed at limiting big business dominance in the market.

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