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Stocks - Pfizer, Tesla Rise Premarket; McDonald's Falls

Stock MarketsJul 02, 2020 07:59AM ET
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By Peter Nurse 

Investing.com -- Stocks in focus in premarket trade on Thursday, July 2nd. Please refresh for updates.

  • 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. 

  • 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.

  • 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.
  • 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.

  • 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.
Stocks - Pfizer, Tesla Rise Premarket; McDonald's Falls
 

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Comments (3)
Tricky Dick
TrickyDick Jul 02, 2020 8:21AM ET
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Read the above synopsis and laugh at the inconsistencies
Dietmar Stahl
Dietmar Stahl Jul 02, 2020 8:13AM ET
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California lock down again....geez
Dietmar Stahl
Dietmar Stahl Jul 02, 2020 8:13AM ET
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Why Tesla is so overrated. They only make few cars vs other manufacturers. And the profit margin is more slim then on conventional car due to high battery costs.
Man Up
Man Up Jul 02, 2020 8:13AM ET
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its all about future. front runner of self driving car
David Ganser
David Ganser Jul 02, 2020 8:13AM ET
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Dietmar - good succint evaluation. Self driving electric cars are not a lasting competitive advantage, many present and potential competitors.
 
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