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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

(Newser) – 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
(Read more Wall Street stories.)

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