The Dow Jones Industrial Average was up 0.5%, over 100 points, at Wednesday’s open, while the S&P 500 rose 0.6% and the tech-heavy Nasdaq Composite gained 0.4%.showed positive resultsWhile the results were released online, they have not yet been reviewed by a medical journal. Shares of PfizerStocks slashed earlier losses after ADP and Moody’s Analytics said that private payrollsin June, while payrolls for May were revised to a gain of more than 3 million, from a loss of 2.76 million.
Shares of companies that would benefit from a reopening of the economy—including airlines, cruise stocks and some retailers—moved higher on Wednesday.testified in front of the House Financial Services Committee, but provided different opinions on the timeline for an economic recovery. Secretary Mnuchin said he expected economic conditions to “improve significantly” in the second half of the year, while Fed chair Powell took a“Seriously, we’re doing this again?” says Vital Knowledge founder Adam Crisafulli of the latest vaccine news. “Investors really need to stop chasing these reports.
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