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  • U.S. Stocks Climb After Promising Vaccine Study

    The Dow Jones Industrial Average rose Wednesday, on pace for a fourth straight day of gains, after investors got several doses of good news. Signs of progress toward a coronavirus vaccine by Moderna propelled most corners of the stock market higher. Goldman Sachs Group added to the advance after reporting one of its best quarters by revenue ever.

  • U.S. Stocks Climb After Promising Vaccine Study

    The Dow Jones Industrial Average leapt higher Wednesday, on pace for a fourth straight day of gains, after investors got several doses of good news. Signs of progress toward a coronavirus vaccine by Moderna propelled all corners of the stock market higher. Goldman Sachs Group added to the advance after reporting one of its best quarters by revenue ever.

  • Oil Prices Rise on Vaccine Hopes, Falling Inventories

    Oil prices rose Wednesday, trading around a 4 1/ 2- month high with investors hoping for faster-than-expected coronavirus vaccine development and weighing a sizable drop in domestic crude stockpiles. U.S. crude futures added 1.4% to $40.86 a barrel on the New York Mercantile Exchange, nearing their recent peak close of $40.90 from last week. Prices are well below where they started the year with the coronavirus denting demand but have rebounded in recent weeks with some states...

  • U.S. Industrial Production Picked Up Again in June -- Update

    U.S. manufacturing increased in June for the second straight month, a sign of economic recovery in the weeks before the recent surge in coronavirus cases. Industrial production-- a measure of output at factories, mines and utilities-- rose a seasonally adjusted 5.4% in June from May, the Federal Reserve said Wednesday. That was a bigger increase than the 4% rise anticipated by economists surveyed by The Wall Street Journal.

  • U.S. Stocks Climb After Promising Vaccine Study

    The Dow Jones Industrial Average leapt higher Wednesday as investors cheered promising results from the study of an experimental coronavirus vaccine and solid earnings from Goldman Sachs Group. The blue-chip index jumped 338 points, or 1.3%, to 26973 in early-morning trading. The S&P 500 rose 1.1%, nearly pulling the broad index out of the red for the year, while the Nasdaq Composite advanced 0.9%.

  • Employees Feel Pressured as Bosses Order Them Back to Offices During Pandemic

    Employees of Phillips 66 got the message in mid-May. The Houston-based oil refiner couldn't have a viable business if people didn't return to their daily commutes, Chief Executive Greg Garland said in an internal video seen by The Wall Street Journal. Phillips 66 would have to do its part.

  • Retail Sales and Housing Starts on Tap -- Data Week Ahead

    The following are forecasts for this week's remaining U.S. data from a survey compiled by The Wall Street Journal. Forecasts were last updated Monday afternoon. DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS Thursday 0830 Jobless Claims Jul 11 1250 K 1314 K 0830 Retail Sales Jun +5.2% +17.7%-- ex autos Jun +5.0% +12.4% 0830 Phila Fed Mfg Svy Jul 20.0 27.5 1000 Business Inventories May -2.3% -1.3% 1000 Housing Market Index Jul 62 58 Friday 0830 Housing Starts Jun 1.15 M 0.974 M-- percent...

  • U.S. Industrial Production Picked Up Again in June

    U.S. manufacturing increased in June for the second straight month, a sign of economic recovery in the weeks before the recent surge in coronavirus cases. Industrial production-- a measure of output at factories, mines and utilities-- rose a seasonally adjusted 5.4% in June from May, the Federal Reserve said Wednesday. That was a bigger increase than the 4% rise anticipated by economists surveyed by The Wall Street Journal.

  • U.S. Stocks Open Higher After Promising Vaccine Study

    U.S. stocks rose Wednesday as investors cheered promising results from the study of an experimental coronavirus vaccine while reviewing earnings from more of the nation's biggest financial companies. The S&P 500 advanced 1.1%, signaling a second day of gains for the benchmark index. The Dow Jones Industrial Average added 362 points, or 1.3%, while the Nasdaq Composite Index rose 0.7%.

  • India Posts Its Largest Trade Surplus on Record

    India's posted its largest trade surplus on record in June, government data showed Wednesday. The trade surplus for June stood at $0.79 billion compared with $15.28 billion deficit in June in 2019, driven by a decline in imports close to four times as large as the decrease in exports. Exports fell 12.41% from a year earlier to $21.91 billion, following May's decrease of 36.5% due to the coronavirus pandemic.

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