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Stocks rise on vaccine hopes; S&P 500 back within 5% of high
NEW YORK (AP) — Markets worldwide rallied on rising hopes for a COVID-19 vaccine Wednesday, and the S&P 500 climbed back to where it was a few days after it set its record early this year.
Stocks climb on Wall Street along with hopes for a vaccine
NEW YORK (AP) — Stocks rose across the board on Wall Street Wednesday following some encouraging, though very early results in developing a coronavirus vaccine. Rearchers said late Tuesday that one developed by the National Institutes of Health and Moderna revved up people’s immune systems in a preliminary test, as hoped. The S&P 500 rose 0.9% after being up as much as 1.3% during the morning. Small-company stocks rose much more than the rest of the market, a sign of of rising expectations for the economy. Cruise lines, hotels and other companies that would benefit greatly from the economy reopening rose sharply.
Moderna, Waters rise; ASML Holding falls
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Wednesday:
Armenia-Azerbaijan border fighting escalates; 16 killed
YEREVAN, Armenia (AP) — Armenia and Azerbaijan forces fought Tuesday with heavy artillery and drones, leaving at least 16 people killed on both sides, including an Azerbaijani general, in the worst outbreak of hostilities in years.
Editorial Roundup: US
Excerpts from recent editorials in the United States and abroad:
East/West split among rookie, coach of year finalists
NEW YORK (AP) — Columbus’ John Tortorella, Philadelphia’s Alain Vigneault and Boston’s Bruce Cassidy were revealed Wednesday as the finalists for the Jack Adams Award as NHL coach of the year.
Wall Street climbs, tentatively, with hopes for vaccine
NEW YORK (AP) — Wall Street is rising on Wednesday with hopes for a COVID-19 vaccine.
Singing the blues, Ellie Goulding turns darkness into light
NEW YORK (AP) — Ellie Goulding’s fourth album is a perfectly crafted artsy pop record full of songs built with epic production and layered vocals. But underneath the beats are gems of lyrics: dark, poetic one-liners with a heaviness that might raise your eyebrow.
Despite coronavirus, 1 musical is holding auditions, online
NEW YORK (AP) — Most theaters in America may be closed, but one musical isn't letting the coronavirus pandemic stop it from getting prepared to put on a show.
New pressure on Ohio governor, once hailed for virus action
COLUMBUS, Ohio (AP) — Early during the coronavirus outbreak, Ohio’s Republican governor appeared prophetic with his decisive steps to ban spectators from a sports expo, shut down all schools before any other state and put a stop to the presidential primary.
Courts get creative to restart jury trials amid pandemic
It was New Mexico's first jury trial since the pandemic crippled the U.S. criminal justice system, and defense attorney Roberta Yurcic was nervous.
Markets rally worldwide on rising hopes for COVID-19 vaccine
NEW YORK (AP) — Wall Street is rallying Wednesday on rising hopes for a COVID-19 vaccine, and the S&P 500 is back to where it was just a few days after it set its record early this year.
Stocks up after early, encouraging results in vaccine trial
NEW YORK (AP) — Stocks are opening broadly higher on Wall Street following encouraging news about a possible coronavirus vaccine. The S&P 500 climbed 1% in early trading Wednesday. The early-stage testing of the first COVID-19 vaccine candidate to be tried in the U.S. revved up people’s immune systems the way scientists had hoped. The stock of drug company Moderna, which is developing the vaccine with the National Institutes of Health, rose sharply in the early going. Goldman Sachs also rose after reporting result that blew past Wall Street’s expectations thanks to strong results from its investment banking and trading businesses.
US industrial production surges 5.4% in June
WASHINGTON (AP) — Production at America's factories, utilities and mines surged last month, but remained well below pre-pandemic levels.
Goldman 2Q profit tops forecast on strong trading revenue
NEW YORK (AP) — Investment bank Goldman Sachs posted a massive 41% rise in revenues in the second quarter, the bank said Wednesday, helped by a blowout performance by the bank’s trading desks.
Judge halts execution amid claims inmate isn’t mentally fit
TERRE HAUTE, Ind. (AP) — A judge on Wednesday halted the execution of a man, said to be suffering from dementia, who had been set to die by lethal injection in the federal government’s second execution this week after a 17-year hiatus.
Whether inmate mentally fit for execution could cause delay
TERRE HAUTE, Ind. (AP) — The man next on the list to be executed by the federal government after a nearly 20-year hiatus ended this week may have a better chance of avoiding lethal injection, legal experts say, because he suffers from dementia and so, his lawyers say, can no longer grasp why he’s slated to die.
World markets mostly higher on hopes for coronavirus vaccine
Shares rose in global markets on Wednesday as investors took heart from news that an experimental COVID-19 vaccine had revved up people’s immune systems just as desired.
Edmunds compares 2020 Kia Telluride and Toyota Highlander
Upon its debut in 2019 for the 2020 model year, the Kia Telluride decisively captured the top spot in Edmunds’ three-row midsize SUV rankings and pushed aside more established rivals. One of those was the Toyota Highlander.
AP News Digest 3:15 a.m.
Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.