Monday, June 1, 2020

Market roundup

By on May 22, 2020

Investors torn between economic reopening and concern over new wave of Covid-19 cases

SAN JUAN — The U.S. Stock market ended the day with mixed results after one of the most volatile weeks in recent memory. However, the Dow Jones Industrial Average was able to gain 780 points.

While there is some optimism about the reopening of the U.S. economy, there is also widespread concern over another wave of coronavirus infections.

On the Covid-19 vaccine front, there is news that Moderna Inc., which is pioneering a new class of drugs called messenger RNA Therapeutics, reported positive data from its vaccine trial, which is scheduled to be the first for large-scale testing in July.

  • The Dow Jones Industrial Average closed at 24,465.16, down 8.96 points, or 0.04%.
  • The S&P 500 index closed at 2,955.45, up 6.94 points, or 0.24%.
  • The Nasdaq closed at 9,324.59, up 39.71, or 0.43%.
  • The Birling Capital Puerto Rico Stock Index closed at 1,396.31, down 1 point.