Dow rises 369 points as last USA state begins reopening

The New York Stock Exchange

Japan's Topix index was down 0.1%. Netflix closed 2.6% lower, while Alphabet and Apple dipped 0.2% and 0.8%, respectively. In crowded cities it is hard to maintain social distancing.

Yoshimasa Maruyama, chief economist at SMBC Nikko Securities, said the lifting of the emergency could come as soon as later this month.

"What we don't know is what the shape or timescale of the recovery will be", he said. Small-company stocks fared better than the rest of the market.

The Australian share market is likely to edge lower in early trade after Wall Street closed down following fresh tensions between the USA and China. Moderna said Monday that an early stage vaccine trial had shown positive results, with all 45 participants developing Covid-19 antibodies.

The benchmark US 10-year notes fell 1.8 basis points to yield 0.6541%. Losses in banks, health care stocks and household goods companies accounted for a big portion of the selling.

Investors are betting that the economy and corporate profits will begin to recover from the coronavirus pandemic as the US and countries around the world slowly open up again. The Nasdaq Composite was up 181.84 points, or 1.98%, at 9,366.95.

Coronavirus: Golf, tennis set to resume in Scotland
Speaking to the Scottish Parliament, the First Minister admitted that the current lockdown was "creating harms of its own". Ms Sturgeon began her briefing to MSPs by announcing that there are now an estimated 25,000 infected people in Scotland.

The Dow Jones Industrial Average climbed 911.95 points, or 3.85%, to 24,597.37. The Nasdaq Composite dropped 0.97 per cent, to 9,284.88. The Russell 2000 index picked up 6.1%, to 1,333.69.

The market is getting some insight into how companies are navigating the economic fallout from the coronavirus this week as several retailers report quarterly results. An additional 2.4 million would bring that total to 38.87 million.

The discount chain's shares jumped 7.6% to a more than two-month high and were the biggest boost to the benchmark S&P 500 after it flagged strong sales at its stores that had reopened post-coronavirus lockdowns. Markets closed mostly higher in Asia.

Shares of Home Depot fell almost 3 percent after the United States home improvement retailer reported first-quarter earnings that missed consensus estimate. JD.com fell by 3.2%. Benchmark U.S. crude for July delivery rose $1.53, or 4.8%, to settle at $33.49 a barrel. It gained 31 cents to $31.96 on Tuesday. July Brent crude oil, the global standard, vaulted 7.1% to $34.81 a barrel.

North American stock markets surged higher in late-morning trading and the price of oil rose as businesses have slowly started to open up again after being shut down due to the pandemic.

The dollar traded in a narrow range as investors weighed the impact of global business lockdowns and the euro's four-day rally against the US currency ran out of steam. At the end of the previous trading session capitalization of the company decreased by 10.4% after the medical edition Stat questioned her of the results of the first phase of testing the vaccine against the coronavirus.

Related News:



Most liked

Facial Recognition Reunites Family with Son after 32 Years in China
After extensive investigations and comparisons, police were led to a man in the city of Mianyang who resembled the image of Mao. On Monday, Mao Yin, now 34, and his parents embraced at the Xi'an municipal public security bureau in the provincial capital.

Trump Admin Taps Virginia Company to Make COVID-19 Medicines
The company is run by Eric Edwards, who previously founded the drug company Kaleo Pharmaceuticals with his twin brother. The medicines include antibiotics, and drugs used for sedation for patients on ventilators, and pain management.

Trump aide released from prison early because of coronavirus
Fox News has learned that Cohen will have a monitoring device and will not be allowed to leave his New York City apartment. Prisons in the U.S. are considered to be a particular hotspot for the virus's spread.

Costco recommends shoppers wear a mask or face covering
The rebellious patron then turned the camera on himself, saying, "And I'm not doing it because I woke up in a free country". I work for Costco and I'm asking this member to put on a mask because that is our company policy", he says in the video .

U.S. Weekly Jobless Claims Fall to 2.4 Million
This was followed by Texas' 102,382, Oklahoma's 54,806, North Carolina's 28,602, and Missouri's 21,382. The prior week's figure was revised lower to 2.69 million from the previously reported 2.98 million .

Russian PM resumes work after COVID-19 recovery
Hospital officials report more than 85 percent occupancy for intensive care beds in the states of Rio de Janeiro and Sao Paulo. The Saratov region reported more than 100 new cases every day since May 13, bringing its total from 1,232 to 1,980 in a week.

Six highlights of Lori Loughlin’s plea deal in admissions scandal case
One of the smoking guns in the case all along were staged photos of the girls in workout apparel on rowing machines. She served a 14-day prison sentence in October and was ordered to pay a $30,000 fine.

Coronavirus test: NHS to provide antibody tests after successful negotiations
The antibody blood test, available at Superdrug Online Doctor (the UK's leading online doctor website) is accurate and reliable. Superdrug has been criticised for "profiteering from a pandemic" by charging £69 for a home antibody test for coronavirus .

Major Trial Launched to Examine Chloroquine, Hydroxychloroquine as Prophylactics
The world's largest trial into hydroxychloroquine as a preventive treatment for COVID-19 is beginning in the United Kingdom . Trump also claimed frontliners cope with the demands of their jobs by taking hydroxychloroquine .

First Photos: Rana Daggubati And Miheeka Bajaj Are 'Officially' Engaged
Reports suggest that Miheeka and Rana have known each other for the past ten years but had started dating two years back. It was only a week and a half ago that Rana Daggubati surprised one and all with his marriage announcement.

Kuo: Apple may not bundle earbuds with iPhone 12
This information is based on a combination of Prosser's sources and also a prototype of Apple Glass he has reportedly seen. According to Prosser , Apple's AR glasses will be called " Apple Glass ", and they will start at a price of $499.

AstraZeneca makes deals for 400M doses of Oxford vaccine
The Anglo-Swedish company reported it had received more than $1 billion from the U.S. Immunity to the new coronavirus is uncertain and so the use of vaccines unclear.

Platte County reports first COVID-19 death
Still, the growing number of people in hospitals with COVID-19 was beginning to eat into hospital capacity in the region. A patient is considered to have recovered 21 days after a confirmed case report is provided to the county.

Trump threatens to withhold funds from Michigan, Nevada over mail-in voting
Steve Sisolak said that Trump's threat to withhold federal funding during the pandemic was, quote, "inappropriate and outrageous". The battle has largely moved to the courts, with Democrats filing at least 17 lawsuits to force states to expand their programs.

Trump Administration Confirms U.S. Is Leaving Open Skies Surveillance Treaty
Bush revived it in May 1989, and the treaty entered into force in January 2002. Thirty-four nations have signed it; Kyrgyzstan has signed but not ratified it.