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.
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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.