Stocks open lower on Wall Street as expanding coronavirus outbreaks dim hopes for a speedy recovery. The S&P 500 and Dow Jones Industrial Average followed benchmarks in France, Germany and Britain lower after the European Union slashed growth forecasts.
A woman wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, July 7, 2020. Asian shares were mixed Tuesday, as some benchmarks were buoyed by an ongoing worldwide rally as investors bet on a dramatic economic turnaround amid ongoing challenges of the coronavirus outbreak.
Government stimulus and hopes for an economic turnaround have kept investor sentiment upbeat recently, Prakash Sakpal and Nicholas Mapa, senior economists at ING, said in a report after the Nasdaq hit a record. But pandemic uncertainties are lingering, and the situation is fragile.“Investors continue to look past the sustained pickup in new infections in the southern part of the U.S.
Industrial production in Germany rebounded in May, but less than expected and remains far below levels from before the pandemic caused factories to close.
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.
Wall Street gains on strong services sector data, China-led recovery hopesWall Street's major indexes climbed on Monday as data showing unexpected growth in the U.S. services sector last month and optimism over China's economic revival helped investors look past a surge in new cases of COVID-19 at home.
Read more »
Wall Street jumps on strong services sector, hopes of China recoveryU.S. stocks rose sharply on Monday as a rebound in U.S. services industry activity in June and expectations of a revival in China's economy boosted optimism, helping investors look past a surge in new coronavirus cases in the United States.
Read more »
Inside A Wall Street Tycoon’s Plan To Get Americans Off The Highway — And On His TrainsAs the world grapples with how to make travel safe in the age of coronavirus, private equity billionaire Wes Edens is betting $9 billion that America’s transportation future is a passenger rail
Read more »
Wall Street rises again, joins worldwide upturn for marketsStocks are pushing higher in early trading on Wall Street, joining a worldwide upturn headlined by the best day for Chinese stocks in nearly five years.
Read more »
What to watch today: Wall Street looks to build on last week's momentumU.S. stock futures soared Monday as investors hoped to continue last week's strong gains.
Read more »
Stock futures flat following a strong rally on Wall StreetThe market continued to shrug off a continuous rise in coronavirus cases across the U.S.
Read more »