Market roundup for Aug. 3
SAN JUAN — The U.S. and European stock markets began the week higher, led by a wave of mergers and acquisitions that has fueled momentary optimism among investors. Among the players mentioned is Microsoft’s interest in TikTok, Siemens Healthineers acquisition of Varian Medical Systems for $16 billion, and 7-Eleven’s acquisition of Marathon Petroleum’s Speedway for $21 billion.
Also, the U.S. I.S.M. Manufacturing PMI rose to 54.20, up from 52.60 last month, an increase of 3.04% from the previous month.
Coronavirus cases continue to rise. A comparison of the contiguous United States, Puerto Rico, Florida and Texas follows from July 31 to Aug. 3:
- United States: 4.85 million from 4.536 million on July 31, a 6.95% rise
- Puerto Rico: 18,791, up from 16,781, an increase of 11.98%
- Florida: 491,894, up from 470,386, an increase of 4.57%
- Texas: 458,324, up from 420,946, an increase of 8.88%
On to markets:
- The Dow Jones Industrial Average closed at 26,666.40, up 236.08 points, or 0.89%.
- The Standard & Poor’s 500 Index closed at 3,294.61, up 23.49 points, or 0.72%.
- The NASDAQ Composite Index closed at 10,902.80, up 157.52 points, or 1.47%.
- The Birling Capital Puerto Rico Stock Index closed at 1,507.77, down 34.53, or 2.24%.
- The U.S. Treasury 10-year note closed up, at 0.56%.
- The U.S. Treasury 2-year note closed up, at 0.11%.