Stocks started the quarter in the green today, getting a boost from a strong private payrolls report and positive data on a coronavirus vaccine from Pfizer. Follow along with the latest stock market news here:
The front facade of the New York Stock Exchange is seen in New York City, New York, U.S., June 26, 2020.9:31: Stocks start the quarter in the green
"We are encouraged by the clinical data of BNT162b1, one of four mRNA constructs we are evaluating clinically, and for which we have positive, preliminary, topline findings," said Kathrin U. Jansen, Ph.D., Senior Vice President and Head of Vaccine Research & Development, Pfizer. "We are dedicated to develop potentially groundbreaking vaccines and medicines, and in the face of this global health crisis, we approach this goal with the utmost urgency.
In the second quarter, economists expect the initial shutdowns resulted in a more than 30% contraction in gross domestic product. By the third quarter, economists surveyed by CNBC/Moody's Analytics expect a median gain of 13.5% for the third quarter. —Businesses continuing hiring workers in June following the coronavirus shutdown.rose by 2.369 million in June, a bit below the 2.5 million estimate from economists surveyed by Dow Jones, according to ADP.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pfizer stock jumps after it reports positive data in early-stage coronavirus vaccine trial
Read more »
What to watch today: Dow set for lower open after 580-point surgeDow futures point to a decline at Tuesday's open after starting the week with a 580 point gain.
Read more »
What to watch today: Dow futures turn positive after best quarter in over three decadesDow futures erase losses and turn positive Wednesday on positive results from a coronavirus vaccine trial.
Read more »
Dow soars 580 points as optimistic home-sales data overshadows virus spread - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Dow futures bounce around as investors await Powell, Mnuchin testimony on the coronavirus responseU.S. stock-index futures see muted trading early Tuesday as investors awaited a congressional hearing featuring Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin that could provide more investor guidance about the government’s economic response to rising coronavirus cases.
Read more »