Stock Market Overview
Fri, Jul 10th, 2020
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Stocks See Support From Positive Covid Treatment News
by cmdtyNewswires - Fri Jul 10, 9:51AM CDT
The S&P 500 Index ($SPX) this morning is up +0.08%, the Dow Jones Industrials Index ($DOWI) is up +0.31%, and the Nasdaq 100 Index ($IUXX) is down -0.19%.
U.S. stock indexes this morning are mixed. Stock futures posted moderate losses in overnight trade on concern that the expanding pandemic in the U.S. will lead to more lockdowns that delay the reopening of the economy. The U.S. reported a record of 61,791 new coronavirus infections on Thursday. Florida, Texas, and California all reported record deaths from the virus. Confirmed cases of the virus have risen above 12.421 million globally, with deaths exceeding 558,000.
Stocks recovered their losses this morning on some positive treatment news for the coronavirus. Gilead Sciences announced today that its Remdesivir drug to treat the coronavirus showed a 62% cut in mortality risk for patients taking the drug.
Today's U.S. producer price data showed slack price pressures that are dovish for Fed policy and positive... Read more
Florida's curve no longer flat amid new surge of virus cases
MIAMI (AP) — Fighting a surge in cases in the spring, Florida appeared to be “flattening the curve” as theme parks shuttered, sugar sand beaches closed and residents heeded orders to stay home. Now, it's almost as if that never happened.
Adriana Gomez Licon and Kelli Kennedy - AP - 10 minutes ago
France ordered to fight pollution or pay millions in fines
PARIS (AP) — France’s highest administrative body ordered the government to take immediate measures to combat pollution in Paris and several regions or pay up to 20 million euros ($22.6 million) a year in fines.
AP - 15 minutes ago
Reports: Amazon bars video app TikTok on workers' phones
Amazon has told employees to delete the from phones on which they use Amazon email, citing security risks from the China-owned app, to and posts by Twitter users who said they were Amazon employees.
Tali Arbel - AP - 20 minutes ago
US bets on untested company to deliver COVID-19 vaccine
When precious vats of COVID-19 vaccine are finally ready, jabbing the lifesaving solution into the arms of Americans will require hundreds of millions of injections.
Martha Mendoza and Juliet Linderman - AP - 22 minutes ago
Man admits damaging computer, causing PPE delivery delay
ATLANTA (AP) — A former employee of a medical device packaging company has pleaded guilty to damaging a computer belonging to his former employer, which prosecutors said caused a delay in the delivery of personal protective equipment to health care providers.
Associated Press - 13 minutes ago Cyprus: US military training won't harm Russia, China ties
NICOSIA, Cyprus (AP) — Cyprus’ government said Friday that a U.S. decision to provide education and training to the island nation’s armed forces won’t hamper relations with either Russia or China.
Associated Press - 14 minutes ago Fiat Chrysler recall: Steering wheel part can be projectile
DETROIT (AP) — Fiat Chrysler is recalling more than 1.2 million older minivans and SUVs worldwide because plastic emblems on the steering wheels can loosen and become projectiles if the driver’s air bag is inflated in a crash.
Associated Press - 17 minutes ago Sectors sorted by Daily Weighted Alpha Change
