United Stock Sinks Amid 87% Revenue Plunge

But other stocks come out OK on a choppy day
By Newser Editors and Wire Services
Posted Jul 22, 2020 3:34 PM CDT
A Dodgy Day Has Good Results
In this June 20, 2019 file photo, traders Gregory Rowe, left, and Dudley Devine, right, talk into their mobile phones on the floor of the New York Stock Exchange as they wait for the Slack Technologies IPO to begin trading.   (AP Photo/Richard Drew, File)

Stocks closed with solid gains on Wall Street on Wednesday but only after a choppy day of trading that pulled indexes temporarily into the red, the AP reports. The S&P 500 rose 0.6%. The bumpy day came as investors sized up a mix of company earnings and another flare-up in tensions between Washington and Beijing. The US ordered China to close its consulate in Houston, and China said it would retaliate. United Airlines sank after its revenue plunged 87% as the coronavirus throttled air travel. Pfizer rose after the government ordered the first 100 million doses of a COVID-19 vaccine the company is developing. The AP reports on stocks that moved heavily:

  • International Business Machines Corp., down 31 cents to $126.06
  • Hibbett Sports Inc., up $2.90 to $25.38
  • eBay Inc., down $1.88 to $56.59
  • Synaptics Inc., up $5.99 to $78.04
  • Coca-Cola Co., up $1.08 to $47.20
  • Philip Morris International Inc., up $3.03 to $75.92
  • Acadia Pharmaceuticals Inc., down $10.73 to $44.69
  • Opko Health Inc., up $1.02 to $5.96
(More Wall Street stories.)

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