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Stock Market Overview

Fri, Jul 10th, 2020
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Stocks See Support From Positive Covid Treatment News


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.

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.

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.

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.

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.

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.

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.

52 Week New Highs & Lows

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Today's New Highs & Lows

HIGHS LOWS DIFF
5-Day 505 1,075 -570
1-Month 250 468 -218
3-Month 174 65 109
6-Month 124 17 107
52-Week 95 14 81
YTD 119 17 102

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Market Momentum

NYSE AMEX NASDAQ
Issues Up 1,417 72 1,476
Issues Down 465 115 1,089
Issues Unch 22 6 55

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