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rdf:type	schema:NewsArticle
schema:articleBody	The Nasdaq finished at its third straight record Wednesday as US stocks shrugged off lackluster employment data and advanced on optimism over additional fiscal support. The Dow Jones Industrial Average led major indices, climbing 1.4 percent to 27,201.52. The broad-based S&P 500 gained 0.6 percent to 3,327.77, while the tech-rich Nasdaq Composite Index rose 0.5 percent to 10,998.40. Payroll services firm ADP reported on Wednesday the United States added a disappointing 167,000 private sector jobs in July. A report from the Institute for Supply Management showed better than expected business activity in July, although the employment component of the report was poor. But stocks benefited from expectations Washington will produce another package of fiscal support for the coronavirus-battered US economy. Key lawmakers have signaled progress on the talks, but have yet to resolve partisan disagreements. "Most people expect some sort of an agreement, maybe by the end of this week," said Sam Stovall, chief investment strategist at CFRA Research. "Otherwise, the Congress will have to stick around and they don't want to give up their summer vacation." Sentiment was also boosted by signs of forward movement on vaccines. Johnson & Johnson rose 0.8 percent after announcing it agreed to supply the US government with 100 million doses of a COVID-19 vaccine following regulatory approval in a $1 billion deal. That announcement came after Novavax announced positive clinical results of another vaccine candidate, boosting shares by more than 10 percent. Disney was another big gainer, climbing 8.8 percent despite reporting a $4.7 billion quarterly loss due to the coronavirus, which emptied theme parks and battered the live sports industry that feeds its ESPN telecasts. However, investors focused on strong results at its Disney+ streaming service, which already has more than 100 million paid subscribers. Airline shares also rallied following a report that 16 Republican Senators backed another round of payroll assistance funding to avert mass layoffs in the industry. Delta Air Lines, United Airlines and American Airlines all won at least three percent, while Boeing jumped 5.6 percent. jmb/dw
schema:headline	Nasdaq ends at another record as US stocks extend rally
schema:mentions	Novavax Avert (HIV and AIDS organisation) S&P 500 Index Deutsche Welle Payroll Protest Dow Jones Industrial Average ESPN American Airlines United Airlines Johnson & Johnson Sam Winchester Delta Air Lines History of the United States Republican Party The Walt Disney Company United States Congress Vaccine United States Severe acute respiratory syndrome coronavirus 2 Coronavirus disease 2019 CFRA Lackluster Adenosine diphosphate NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-05 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	64 (xsd:integer)

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