Market roundup for July 9
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%.