Stock Market Overview
The S&P 500 Index ($SPX) on Friday closed up +0.48%, the Dow Jones Industrials Index ($DOWI) closed down -0.07%, and the Nasdaq 100 Index ($IUXX) closed up +1.47%.
U.S. stock indexes on Friday opened lower but recovered most of their losses and settled higher. Stocks on Friday opened lower on high U.S./China tensions along with weaker-than-expected U.S. economic data. However, stocks came roaring back Friday afternoon when President Trump announced retaliation against China for its actions on the coronavirus pandemic and Hong Kong by saying the U.S. will withdraw from the World Health Organization (WHO) and will eliminate policies that give Hong Kong preferential treatment, although he did not institute sanctions on Chinese officials as had been anticipated.
U.S. stocks indexes were weighed down early Friday on weaker-than-expected U.S. economic data. U.S. Apr personal spending fell by a record -13.6% m/m (data from 1959), weaker than expectations of -12.8% m/m. Also,... Read more
NEW DELHI (AP) — More states opened up and crowds of commuters trickled onto the roads in many of India's cities on Monday as a three-phase plan to lift the nationwide coronavirus lockdown started despite an upward trend in new infections.
HELSINKI, Finland (AP) — Finns in the Nordic nation's eastern border region say they haven't seen anything like this since the 1991 collapse of the Soviet Union.
BANGKOK (AP) — Traffic jams and crowds of commuters returned to the Philippine capital on Monday, as the metropolis relaxed antivirus measures in a high-stakes gamble to slowly reopen the economy while fighting the coronavirus pandemic.
WASHINGTON (AP) — One small-town Oklahoma mayor testified before Congress she’s worried the city's 18-bed hospital can't handle a second wave. Many counties are slashing sizable chunks of their government work force. States are staring down red ink as the fiscal year comes to a close.
The Latest on the The new coronavirus causes mild or moderate symptoms for most people. For some, especially older adults and people with existing health problems, it can cause more severe illness or death.
BEIJING (AP) — Hong Kong's stock market surged more than 3% and other Asian markets rebounded Monday after President Donald Trump avoided reigniting a trade war with China amid tension over Hong Kong and the coronavirus pandemic.