Wednesday, August 12, 2020

Market roundup for July 9

By on July 9, 2020

SAN JUAN — U.S. and global stock markets closed down again Thursday as growing COVID-19 cases across the United States are raising investor concern.

The U.S. Labor Department reported that over the past week, new applications for unemployment fell to 1.31 million, or 7.01% lower, and unemployment remained at 11.1%; this is much less than analysts’ expectations. 

Several states continue to report increasing cases, including: 

  • Florida: 9,989 cases
  • California: 4,080 cases
  • Arizona: 3,520 cases 
  • Georgia: 3,420 cases 
  • Tennessee: 2,472 cases

The U.S. registered 45,453 new coronavirus cases and 692 related deaths Thursday

  • The Dow Jones Industrial Average closed at 25,706.09. down 361.19 points, or 1.39%.
  • The Standard & Poor’s 500 Index closed at 3,152.05, down 13.89 points, or 0.56%.
  • 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 1,411.17, down 10.20, or 0.72%.
  • The U.S. Treasury 10-year note closed at 0.62%.
  • The U.S. Treasury 2-year note closed at 0.16%.

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