US stocks climb as investors weigh the economic recovery from coronavirus - Business Insider

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.US stocks edged higher Wednesday as investors assessed economic-reopening efforts in the face of climbing coronavirus cases, which hit a single-day record of 60,000 on Tuesday. Oil prices gained slightly ahead of a key report from the Energy Department.US stocks edged higher Wednesday as investors weighed rising coronavirus cases against efforts to reopen the economy.

On Tuesday, the US reported another record single-day spike of 60,000 new coronavirus cases, bringing the total number of confirmed cases in the country to 3 million,States have had to pull back or postpone reopening efforts to control new surging COVID-19 numbers, threatening the speed of the economy recovery in the US. The so-called reopening trade faltered, with shares of airlines such as American and Delta falling.

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Asian shares waver with coronavirus, corporate earnings in focusAsian stocks dithered on Wednesday as an increase in new coronavirus cases in some parts of the world cast doubts over the economic recovery while oil prices eased on oversupply fears. With the pandemic spiraling out of control in the United States the markets will crash.
Source: Reuters - 🏆 2. / 97 Read more »

Asian shares waver with coronavirus, focus turns to corporate earningsAsian stocks dithered on Wednesday as an increase in coronavirus cases in some parts of the world undermined prospects for a quick economic recovery while oil prices eased on oversupply fears.
Source: Reuters - 🏆 2. / 97 Read more »