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July 1, 2020, 4:10 p.m. EDT

Nasdaq notches record close to start July after Fed minutes, but Dow slumps as Boeing, Exxon shares weigh

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By Mark DeCambre

The Nasdaq Composite on Wednesday closed at a record high to kick off July but the Dow industrials lagged behind, after minutes from the Federal Reserve's meeting last month indicated that policy makers would aim to provide more explicit guidance on the outlook for benchmark interest rates amid the coronavirus pandemic. Improving data on employment and the manufacturing sector buttressed markets in the first trading day of the month even though about a dozen American states have paused or halted plans to allow more businesses to reopen. The Nasdaq /zigman2/quotes/210598365/realtime COMP +0.27% ended up 1% at around 10,155, finishing handily above its last record close on June 23 as gains in electric-vehicle maker Tesla Inc. /zigman2/quotes/203558040/composite TSLA +4.26% , Netflix Inc. /zigman2/quotes/202353025/composite NFLX +1.23% and Facebook Inc. /zigman2/quotes/205064656/composite FB +0.54% helped to propel the technology-laden benchmark. The S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.20% finished up 0.5% at 3,116, while the Dow Jones Industrial Average /zigman2/quotes/208579720/composite BA -0.40% closed down 0.3%, pressured lower by declines in components Boeing Co. /zigman2/quotes/208579720/composite BA -0.40% and Exxon Mobil /zigman2/quotes/204455864/composite XOM -2.45% . Early in the session, stocks got a boost from another Dow component Pfizer Inc. /zigman2/quotes/202877789/composite PFE -0.42% , which reported positive results from its clinical trial for a COVID-19 vaccine candidate. An upbeat report on manufacturing activity from the Institute for Supply Management and a private-sector report from ADP also helped to stoke the buying mood on Wall Street, ahead of a highly anticipated nonfarm-payrolls report due on Thursday due to the July 4th holiday in the U.S.

/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
11,042.50
+30.27 +0.27%
Volume: 3.09M
Aug. 13, 2020 5:16p
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/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 1,621.00
+66.24 +4.26%
Volume: 20.43M
Aug. 13, 2020 4:00p
P/E Ratio
843.61
Dividend Yield
N/A
Market Cap
$289.75 billion
Rev. per Employee
$439,627
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/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 481.33
+5.86 +1.23%
Volume: 3.01M
Aug. 13, 2020 4:00p
P/E Ratio
81.21
Dividend Yield
N/A
Market Cap
$209.69 billion
Rev. per Employee
$2.22M
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/zigman2/quotes/205064656/composite
US : U.S.: Nasdaq
$ 261.30
+1.41 +0.54%
Volume: 17.37M
Aug. 13, 2020 4:00p
P/E Ratio
31.92
Dividend Yield
N/A
Market Cap
$740.24 billion
Rev. per Employee
$1.57M
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/zigman2/quotes/210599714/realtime
US : S&P US
3,373.43
-6.92 -0.20%
Volume: 1.96B
Aug. 13, 2020 5:10p
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 174.73
-0.71 -0.40%
Volume: 22.96M
Aug. 13, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$99.03 billion
Rev. per Employee
$660,961
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/zigman2/quotes/208579720/composite
US : U.S.: NYSE
$ 174.73
-0.71 -0.40%
Volume: 22.96M
Aug. 13, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$99.03 billion
Rev. per Employee
$660,961
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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 43.01
-1.08 -2.45%
Volume: 17.34M
Aug. 13, 2020 4:02p
P/E Ratio
25.61
Dividend Yield
8.09%
Market Cap
$186.42 billion
Rev. per Employee
$3.93M
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/zigman2/quotes/202877789/composite
US : U.S.: NYSE
$ 38.17
-0.16 -0.42%
Volume: 14.55M
Aug. 13, 2020 4:02p
P/E Ratio
15.18
Dividend Yield
3.98%
Market Cap
$213.00 billion
Rev. per Employee
$580,595
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