The Dow jumped 150 points today even as U.S. coronavirus cases top 3 million by skleb1234
Stocks finished slightly higher on Wednesday as rallying tech shares helped offset investor concerns about the surge in coronavirus cases across the country derailing an economic recovery.The Dow Jones Industrial Average was up 0.7%, nearly 200 points, on Wednesday, while the S&P 500 rose 0.8% and the tech-heavy Nasdaq Composite gained 1.4%.
After helping keep the market afloat in the previous session, tech shares continued to rally: Shares of Amazon, Microsoft, Netflix and Google-parent Alphabet all traded higher, while Apple hit a new record high. Facebook stock fell slightly after civil rights groups who met with CEO Mark Zuckerberg about the ongoing ad boycott called the talks “Shares of companies that would benefit from a reopening of the economy—including airlines, cruise stocks and some retailers—moved lower as many states continue to see a spike in new coronavirus infections.
The United States reported another record single-day spike with over 60,000 new cases on Tuesday, bringing the national tally toTexas, Florida, California and Arizona are facing some of the worst outbreaks, collectively reporting“June was the month when the virus came back, despite the past improvement.
on Tuesday, cutting a five-day winning streak. The Dow fell 1.5%, or 400 points, while the S&P lost just over 1%.
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