Market roundup for July 7
SAN JUAN — U.S. and global stocks closed down amid concern over the coronavirus’ resurgence.
In the United States, more than 10 states had more than 1,500 cases of coronavirus. Florida led with more than 35,000 new cases in one week. It appears that investors are taking a more cautious approach after more than a week of substantial gains.
Also, the European Commission guided the pandemic’s impact and forecast an 8.7% contraction for the euro area for 2020, a much more significant decline than previously predicted.
On Tuesday, retail giant Walmart announced it was launching a subscription program later this month. The Walmart+ membership program will be priced at $98 a year, and includes discounts and same-day shipping.
- The Dow Jones Industrial Average closed at 25,890.18, down 396.85 points, or 1.51%.
- The Standard & Poor’s 500 Index closed at 3,145.22, down 34.44 points, or 1.08%.
- The NASDAQ Composite Index closed at 10,343.09, down 89.76 points, or 0.86%.
- Thee Birling Capital Puerto Rico Stock Index closed at 1,466.90, up 17.58 points, or 1.2%.
- The U.S. Treasury 10-year note closed at 0.65%.
- The U.S. Treasury 2-year note closed at 0.16%.