Microsoft, Apple lead stocks higher

0
3


Johannes Eisele | Getty Images

Dow Jones Industrial Average rises 236 points

Microsoft and Apple jump

Eli Lilly trial and strong manufacturing data also lift market

Eli Lilly announced the start of a phase 3 trial of LY-CoV555, an experimental coronavirus antibody treatment that may prevent the virus from spreading among U.S. nursing home staffers and residents. The stock gained 1.70%. Stocks got a boost from better-than-expected manufacturing data. The Institute for Supply Management’s manufacturing PMI rose to 54.2 in July, topping a Dow Jones estimate of 53.8.

What happens next?

Investors will keep an eye on Washington as lawmakers try to make progress on a new coronavirus stimulus package. Disney, Beyond Meat and Nikola are among the companies set to report.

Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.



(Source)