AKRO

02 Jul: Stock market news for July 1, 2020

These are the latest stock market news for July 1, 2020. “Dow Jones Industrial Average falls 77 pointsThe Dow fell 77.91 points, or 0.30%, to close at 25,734.97. The S&P 500 advanced 0.50% to 3,115.86. The Nasdaq Composite gained 0.95% to end the day at 10,164.63. Stocks traded higher for most of the session amid positive news on a potential coronavirus vaccine. Vaccine data lifts sentimentA study of a coronavirus vaccine candidate being developed by Pfizer and BioNTech showed the drug created neutralizing antibodies. The results were released online, but have not been reviewed by a medical journal yet. The company also said that, if the vaccine gets regulatory approval, it expects to make up to 100 million doses by year-end and “potentially” more than 1.2 billion by the end of 2021. Pfizer jumps, Amazon and Netflix gainPfizer shares jumped 3.18% on the vaccine data released Wednesday. Amazon and Netflix gained 4.35% and 6.72%, respectively.” Stock market source: https://www.cnbc.com/2020/07/01/what-happened-to-the-stock-market-wednesday-pfizer-vaccine-data-lifts-sentiment.html Stock market close on July 1, 2020 S&P 500: 3,115.86,+15.57(+0.50%)Dow 30: 25,734.97,-77.91(-0.30%)Nasdaq:v10,154.63,+95.86(+0.95%)Russell 2000: 1,432.83,-8.54(-0.59%) Stock market volatility The CBOE Volatility Index (VIX) closed lower at 28.62-1.81 (-5.95%). Stock movers FedEx Corporation (FDX) stock closed higher more than 11% at 156.66+16.44 (+11.72%). FDX stock news “For the fiscal 2020 fourth quarter ended May 31, the company reported revenue of $17.4 billion, down from $17.8 billion a year earlier. But the latest number easily topped FactSet’s analyst consensus of $16.4 billion. Still, that wasn’t enough to create profits. FedEx suffered a loss of $334 million in the latest quarter, or $1.28 per share, shrinking from a loss of $1.97 billion, or $7.56 per share, a year ago. Analysts expected earnings per share of $1.33 for the latest quarter. Adjusted EPS totaled $2.53 in the latest quarter, blowing away analysts’ prediction of $1.58.” Stock market source: https://www.thestreet.com/investing/fedex-stronger-than-expected-revenue-adjusted-profi FDX stock chart Source: Stockscharts Stock gainers Liminal BioSciences Inc. (LMNL): 22.79,+ 11.99 +111.02%89bio Inc. (ETNB): 28.17 +8.24 +41.34%Akero Therapeutics Inc. (AKRO): 33.37 +8.45 +33.91% Stock losers Polar Power Inc. (POLA): 3.13, -1.83 -36.90%Inovio Pharmaceuticals Inc. (INO): 19.73, -7.22 -26.79%CPS Technologies Corp. (CPSH): 1.82, -0.60 -24.79% Most active stocks Workhorse Group Inc. (WKHS): 19.18,+ 1.79 +10.29%General Electric Co. (GE): 6.74, -0.09 -1.32%American Airlines Group Inc. (AAL): 12.81, -0.26 -1.99% Stock market source: https://www.wsj.com/market-data/stocks Stock Market, U.S. Sectors & Industries Performance The Real Estate sector was the best performing sector +2.57%, the Energy sector was the worst-performing sector -2.49%. Source: Fidelity Stock market news, economic news The ADP National Employment Report came in at 2369K, lower than the forecast of 3000K, but still being positive for a second consecutive month. Stock market update All data about the stock market, stocks, stock investing, stock trading is taken from Yahoo Finance, Fidelity, and stockcharts.com. Investing Check this link for stock trading. Subscribe to our stock market newsletter, with stocks to buy, stocks to sell, investing.