Vaccine hopes lift US stocks as travel shares gain

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NEW YORK (AFP) - Travel shares were among the winners on Wednesday (July 15) as Wall Street stocks advanced again following progress on a leading coronavirus vaccine candidate.. Read more at straitstimes.com.

NEW YORK - Travel shares were among the winners on Wednesday as Wall Street stocks advanced again following progress on a leading coronavirus vaccine candidate.The broad-based S&P 500 also gained 0.9 per cent to end the day at 3,226.55, while the tech-rich Nasdaq Composite Index climbed 0.6 per cent to 10,550.49.

Travel stocks have been among the biggest losers amid the economic shutdown and social distancing protocols that are expected to be maintained until there is a vaccine. Among other individual stocks, Goldman Sachs advanced 1.4 per cent after reporting a 41 per cent surge in second-quarter revenues to US$13.3 billion due to strength in investment underwriting and trading.

 

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