Wall Street treads water as virus cases rise; techs shine

  • 📰 Reuters
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Stock futures cling to hopes of recovery as virus cases rise

FILE PHOTO: Traders exit the 11 Wall St. door of the New York Stock Exchange in New York City, New York, U.S., June 11, 2020. REUTERS/Brendan McDermid

American Airlines Group Inc fell 6% as it planned to secure $3.5 billion in new financing by selling shares and convertible senior notes to boost liquidity. In the past week, several U.S. states, mainly in the West and South, have reported a surge in cases, with Apple Inc’s move to temporarily shut some U.S. stores again on Friday underscoring concerns of a delay in the recovery.

U.S.-based meat processor Tyson Inc slipped 2.7% as China’s customs authority suspended imports of poultry products from a plant owned by the company that had been hit by the coronavirus.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Virus 'cases' are only rising because of the exponential increase in testing. The Democrats and their lackeys in the media are perpetuating this global pandemic.

No stocks are going up because people are gambling that there is a greater idiot who will buy an over inflated stock during this bubble.

Stop the focus on the number of cases. Cases are going to go up as testing worldwide goes up, of which many are mildly symptomatic or asymptomatic. Focus on hospitalization rates and death rates.

Check out the infographics at

With FenceBoy realDonaldTrump there will not be any recovery due to COVID-19 cases continuing to rise and remain unchecked. The market's only hope is that fake president Trump is kicked to the curb in November a real president takes charge.

Ramp up the Covid fear to keep everything locked down

When the market finally adjusts back to reality, it will be a harsh moment indeed.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market live updates: Futures higher, Wall Street eyes Covid cases, airlines lowerA conversation on the latest market-moving news. Ugh who wants to watch you guys so depressing
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street Week Ahead: London index reshuffle to give healthcare stocks a bigger profileThe U.S. healthcare sector looks set for a bulked up profile in growth indexes when FTSE Russell reconstitutes its stock indexes late next Friday, an annual event that historically creates one of the biggest trading volume days of the year.
Source: Reuters - 🏆 2. / 97 Read more »

Restaurant Reservations, Driving Directions and Other Indicators Wall Street Is WatchingTraders are no longer just watching economic data to decide what to buy and when, but also unconventional gauges of where the market is heading. We are heading straight into a depression and skipping the recessions this time around. Nah, fed 's balance sheet size trumps them all. .jpmorgan
Source: WSJ - 🏆 98. / 63 Read more »