Morning Report 2 Jul 20: US sharemarkets were mixed on Wednesday

Sentiment was boosted by positive virus vaccine developments and better-than-expected US manufacturing data. A study of a coronavirus vaccine candidate being developed by Pfizer (+3.2%) and BioNTech (-3.9%) showed the drug was safe and prompted patients to produce antibodies. FedEx shares jumped 11.7% after a solid profit result, but Boeing (-1.6%) shares weighed on the Dow Jones. Apple (-0.2%) announced the re-closure of 30 stores after California and Arizona reported their biggest daily virus cases. The Dow Jones index lost 77 points or 0.3%. But the S&P500 index lifted by 0.5%. The Nasdaq index was higher by 95 points or 1% to a record closing high.  

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