The Dow began the third quarter on a quiet note, but the Nasdaq 100 set a new high.
 | WED, JUL 01, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | PFE | 33.74 | +1.04 | +3.18% | | BA | 180.32 | -2.98 | -1.63% | | MSFT | 204.70 | +1.19 | +0.58% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | GE | 6.74 | -0.09 | -1.32% | | AAL | 12.81 | -0.26 | -1.99% | | UAL | 34.45 | -0.16 | -0.46% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAL | 12.81 | -0.26 | -1.99% | | UAL | 34.45 | -0.16 | -0.46% | | FB | 237.55 | +10.48 | +4.62% | |
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Companies have been rehiring workers as states reopen for business and economists expect they created 3 million jobs in June. We'll know more when the monthly jobs report comes out Thursday at 8:30 a.m. ET. For now, ADP numbers released Wednesday show private payrolls grew by 2.369 million in June. CNBC's Patti Domm writes that the upcoming employment data won't show whatever setbacks the labor market suffered as coronavirus cases began to spike in the final weeks of June, forcing rollbacks of reopening plans.  "It's possible you get a negative [July jobs] number, which would be really bad for sentiment and really bad for the outlook," said Michael Gapen, chief U.S. economist at Barclays. The Dow Jones Industrial Average swung between modest gains and losses on Wednesday. It ended the day slightly lower with the prospect of disrupted reopenings on investors' minds. The technology laden Nasdaq Composite rose to a record close however. Billionaire restaurant and entertainment magnate Tilman Fertitta told CNBC's "Power Lunch" that the surge in new cases is clearly frustrating the recovery. "Our employees aren't yo-yos," he said. "We can't just say, 'OK, get off unemployment, come back to work,' and then we send them home again. And that's where we are right now." Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
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