County Public Health Director Barbara Ferrer announced shortly after that the indoor closure list includes “offices for all non-critical sectors.”The move came as the state revealved 8,358 new cases reported over the past 24 hours and 7,000 deaths.
Other states are tightening up social distancing restrictions and big Wall Street firms are joining health officials in noting the urgency of masks. Goldman Sachs said last week that a national mask mandate could prevent a 5% drop in GDP. The DJIA ended basically flat , the S&P 500 closed down by 0.94%. The Nasdaq was hardest hit, finishing the session down 2.3%.
It was the unoffical kickoff of earnings that included strong numbers for PepsiCo which revealed an unsurprising bonanza in snack sales last quarter. Banks report tomorrow. Netflix, the first big cap media company in the lineup, announces earnings Thursday. It’s shares closed down 4.23%, a major dip for the streaming giant that’s been a sector leader throughought the pandemic.
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