Coronavirus Cases Top 3 Million But Dow Jumps 150 Points


A Market Crash Was Coming, Coronavirus Was Just the Spark | Time


The Dow Jones Industrial Average was up 0.7%, nearly 200 points, on Wednesday, while the S&P 500 rose 0.8% and the tech-heavy Nasdaq Composite gained 1.4%.

After helping keep the market afloat in the previous session, tech shares continued to rally: Shares of Amazon, Microsoft, Netflix and Google-parent Alphabet all traded higher, while Apple hit a new record high.

Facebook stock fell slightly after civil rights groups who met with CEO Mark Zuckerberg about the ongoing ad boycott called the talks “a disappointment.” 

Shares of companies that would benefit from a reopening of the economy—including airlines, cruise stocks and some retailers—moved lower as many states continue to see a spike in new coronavirus infections.


US Stock Market News: Dow Jones, S&P 500 And Nasdaq

The United States reported another record single-day spike with over 60,000 new cases on Tuesday, bringing the national tally to over 3 million cases, according to data from Johns Hopkins University. 

Texas, Florida, California and Arizona are facing some of the worst outbreaks, collectively reporting nearly half of all U.S. cases on Tuesday.

Coronavirus Cases Top 3 Million But Dow Jumps 150 Points Coronavirus Cases Top 3 Million But Dow Jumps 150 Points Reviewed by Anson Moore on July 09, 2020 Rating: 5

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