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

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US stocks climb as investors weigh the economic recovery from coronavirus

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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