Market roundup for July 8
SAN JUAN — The U.S. stock market closed higher, even as investors saw the number of confirmed COVID-19 cases in the U.S. rising at a 2% rate.
Additionally, the total case count surpassed the 3 million mark, and the number of deaths totals 131,857, which is 23.8% of all cases in the world. California and Florida reported 11,694 and 9,989 new cases, respectively. With reports that hospitals and ICUs are being overwhelmed.
However, the significant disconnect is that Disney World is reopening Thursday, with limits on capacity, as part of its first phase.
We are sure that the economic recovery will suffer as the new surge in the pandemic forces businesses to close.
- The Dow Jones Industrial Average closed at 26,067.28, up 177.10 points, or 0.68%.
- The Standard & Poor’s 500 Index closed at 3,169.94, up 24.62 points, or 0.78%.
- The NASDAQ Composite Index closed at 10,492.50, up 148.61 points, or 1.44%.
- The Birling Capital Puerto Rico Stock Index closed at 1,421.36, down 45.54 points, or 3.1%.
- The U.S. Treasury 10-year note closed at 0.67%.
- The U.S. Treasury 2-year note closed at 0.16%.