Dow futures were under pressure on Thursday, one day after the U.S. saw a record number of new daily coronavirus cases.
's rally to records, which had been leading the market higher, ended Wednesday. However, Apple shares were higher in Thursday's premarket.People line up outside a Kentucky Career Center hoping to find assistance with their unemployment claim in Frankfort, Kentucky, June 18, 2020.The Labor Department, at 8:30 a.m. ET on Thursday morning, is expected to report a 14th straight week of coronavirus crisis-driven initial jobless claims of over 1 million. Economists are forecasting that 1.
The Commerce Department, also at 8:30 a.m. ET, issues two data sets: Durable goods orders for May and the final reading on first quarter gross domestic product. Durable goods are expected to jump 9.8% after falling 17.7% in April. GDP is expected to show the same 5% annual contractions registered a month ago.highest single-day of new Covid-19 cases ever,
with 45,557 diagnoses reported Wednesday, according to a tally by NBC News. That number was more than 9,000 infections higher than the previous daily peak on April 26, weeks before states started to shut down their economies in hopes of slowing the spread of the outbreak. Florida and California, two of the largest economies in the U.S, reported record numbers of new cases and rising hospitalizations, sparking concerns that Tallahassee and Sacramento could be forced to implement new stay-at-home orders and close nonessential businesses again.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What to watch today: Dow set to fall as U.S. coronavirus cases surgeDow futures are dropping Wednesday as new U.S. coronavirus cases spike in several states.
Read more »
Dow Jumps 200 Points After White House Confirms U.S.-China Trade Deal Is Not ‘Over’The market opened higher today, recovering from overnight losses after White House trade adviser Peter Navarro walked back his earlier comments that the U.S.-China trade deal is “over” by skleb1234
Read more »
Dow Jumps 200 Points After White House Confirms U.S.-China Trade Deal Is Not ‘Over’Navarro’s comments on the Phase 1 trade deal sparked overnight volatility in markets.
Read more »
Dow drops 600 points as virus cases surge, IMF cuts global outlookStocks fell Wednesday on worries over the prospects of a quick economic recovery after the IMF projected the global recession will be worse than initially expected.
Read more »
Dow Plunges 500 Points As Investors Worry About A Resurgence Of CoronavirusThe stock market opened lower today as investors worry about a resurgence of the coronavirus by skleb1234
Read more »
Dow Falls Over 200 Points As Investors Worry About A Resurgence Of CoronavirusThe market is growing increasingly worried about a spike in new coronavirus cases.
Read more »