By Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, July 2nd. Please refresh for updates.
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Pfizer (NYSE:PFE) 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.
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McDonald’s (NYSE:MCD) 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.
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Tesla (NASDAQ:TSLA) 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.
- Apple (NASDAQ:AAPL) stock up 0.4%, underperforming the wider market after the iPhone maker said it would close once more an additional 30 locations across seven states, bringing the total number of closed stores to around 25% of its U.S. operation.
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American Airlines (NASDAQ:AAL) 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.
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JetBlue Airways (NASDAQ:JBLU) 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:INO) stock rose 3.9%, rebounding after dropping over 26% Wednesday after data from its coronavirus vaccine program fell short of expectations.