Stocks sink as virus cases jump, forcing states to backtrack

  • 📰 latimes
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 82%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Markets have been mostly rallying on hopes that lockdowns would lift and the economy would reopen. An increase in coronavirus cases casts doubt.

Stocks on Wall Street fell sharply Friday as confirmed new coronavirus infections in the U.S. hit an all-time high, prompting Texas and Florida to reverse course on the reopening of businesses.

The surge in the number of confirmed new coronavirus cases prompted Texas and Florida to reverse course and clamp down on bars again. The two states join a small but growing list of those that are either backtracking or putting any further reopenings of their economies on hold because of a resurgence of the virus.The S&P 500 fell 74.71 points to 3,009.05. The Dow Jones industrial average had its worst day in two weeks, losing 730.05 points, or 2.8%, to 25,015.55.

Facebook slumped 8.3% as an advertising boycott intensifies, aimed at pressuring the social networking giant into doing more to prevent racist and violent information from being shared on its service. Verizon announced it had joined the boycott Thursday, and on Friday European consumer-products maker Unilever, which makes Ben & Jerry’s ice cream and Dove soap, also said it would stop advertising on Facebook.

 

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

How real are those graphs about the stock market we are seeing from WSJ and other financial rags?

I don’t have a gag reflex

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:

 /  🏆 11. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria 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: Stocks lower, travel stocks sink, KB Home drops 11%As new COVID-19 cases continue to spike and the market struggles, MadMoneyOnCNBC's JimCramer has some advice to dish out. MadMoneyOnCNBC jimcramer Check out my Gig on Fiverr: be your all rounder activecampaign specialist MadMoneyOnCNBC jimcramer What has change since March regarding COVID-19? Do we have a cure a vaccine? Why are people expecting change? MadMoneyOnCNBC jimcramer If we had a competent Federal response we woukd be in much better shape
Source: CNBC - 🏆 12. / 72 Read more »

US stocks slide as investors digest surging virus cases and steady jobless claims - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Airline Stocks Are Falling as Covid-19 Cases RiseAnalysts worry that a new wave of cases could put the brakes on a recovery in air travel.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks open lower on growing coronavirus cases, bank stress test resultsU.S. stocks opened lower Friday as investors digested the fallout from the Federal Reserve's bank stress tests and grim news on the spread of COVID-19. The... Let's spread Panic Fear.... Time to buy Time to sell😁
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves in the premarket: Accenture, Darden, McCormick, Rite Aid & moreThe stocks making the biggest moves in premarket trading include Accenture, Darden, McCormick, Rite Aid, and more.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks inch higher after previous day’s pounding; Wirecard collapsesEuropean stocks flipped between losses and gains on Thursday, showing the nervousness around coronavirus and trade tensions lingered after the heavy selling...
Source: MarketWatch - 🏆 3. / 97 Read more »