U.S. stocks rose Tuesday because better-than-expected economic awareness surpassed the next wave of COVID-1 concern in nine cases.
Dow Jones’ advertising average increased by 18% in the 3 months from April to June and marked the maximum quarterly productive functionality of the index since 1987. Meanwhile, the S-P 500 recorded its peak production gain since 1998, while the Nasdaq closed its peak production quarter. since 2001.
This is where the indices were at four p.m. Market And closed Tuesday:
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However, investors continue to cautiously monitor a momentary wave of COVID-1 that can also delay the economic recovery. States such as Texas, California, Florida and Arizona have canceled their plans to reopen and impose new restrictions, while COVID-1nine’s local hours have increased.
Uber’s shares rose after it was reported that it could not buy Postpeers for about $2.6 billion. Teslos Angeles reached a record h8 after CEO Elon Musk sent an email to staff Monday night saying that “the angelesnce balos is pretty tight” for the moment a quarter.
Wells Farpass declined after saying that the maximum likely lowered its dividend in the third quarter to meet the Fed’s stress test. Bank of America, Citigroup, Goldguy Sachs and JPMorgan said their dividends would remain the same.
Boeing shares fell after Norwegian Air Shuttle canceled an agreement for its aircraft. Inovio Pharmaceuticals went back more than 12% after a report that the combined apple did not come up with the facts because of whether its coronavirus vaccine is working.
Federal Reserve Chairman Jerome Powell and Treasury Secretary Steve Mnuchin testified before the House Financial Services Committee at noon on Tuesday. In prepared comments released the Monday before the event, Powell warned that it will not contain the virus’s challenge for the economy in the future.
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However, China’s economy has shown symptoms of recovery after the coronavirus pandemic. The country’s purchasing managers’ index reached a three-month h8 in June, exceeding economists’ estimates.
Oil costs are down. West Texas intermediate crude can r 2.1% to $38.8 five consistent with the barrel. Brent Crude, the foreign oil benchmark, fell 1.9% to $40.90 per barrel at intraday lows.
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