By Peter Nurse
Investing.com — Stocks in focus in premarket trade on Thursday, July 2nd. Please refresh for updates.
Pfizer (NYSE:) stock rose 2.6%, extending gains on Wednesday’s news that the pharma giant’s Covid-19 vaccine candidate (in collaboration with Germany’s BioNTech) has yielded positive results in a clinical trial.
McDonald’s (NYSE:) stock fell 0.4% after the fast-food giant paused the reopening of its dine-in service in the U.S. as coronavirus cases continue to spread across states, according to an internal memo seen by the Wall Street Journal.
Tesla (NASDAQ:) stock rose 8.3%, continuing the electric maker’s impressive gains. Tesla became the world’s most valuable car manufacturer Wednesday, overtaking the market capitalization of Toyota, with its stock hitting a record high.
American Airlines (NASDAQ:) stock rose 2.7% after the airline said it’s considering staff cuts; American reckons it’s overstaffed by about 8,000 flight attendants and may reduce its workforce through early retirements and voluntary leaves.
JetBlue Airways (NASDAQ:) stock rose 3.2% after the airline came to an agreement with the labor union that represents its pilots that avoids involuntary furloughs through April of next year.
- Inovio Pharmaceuticals (NASDAQ:) stock rose 3.9%, rebounding after dropping over 26% Wednesday after data from its coronavirus vaccine program fell short of expectations.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.