US: S&P 500 closes lower as Covid-19 resurgence casts a shadow on sentiment

" there's also a feeling that the Fed is acutely aware of what's going and will help where and when needed," Mr Keator said.

New cases of Covid-19 set records across at least six US states, and mandated mask use is becoming more common as economies continue reopening. China, where the pandemic originated but had been contained, also reported an uptick in new cases of the disease.The S&P 500 and the Dow are now about 9 per cent and 13 per cent shy of their respective all-time highs reached in February.

In a video conference, US Federal Reserve Chair Jerome Powell warned the economic recovery from the pandemic is set to be challenging and there will be no quick fix. Unofficially, the Dow Jones Industrial Average fell 207.54 points, or 0.8 per cent, to 25,872.56, the S&P 500 lost 17.64 points, or 0.57 per cent, to 3,097.7 and the Nasdaq Composite added 3.07 points, or 0.03 per cent, to 9,946.12Shares of AMC Entertainment Holdings Inc dropped after the world's largest movie theatre operator announced that it would begin reopening theaters but reversed its early decision to allow customers not to wear face masks.

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 closes nominally higher amid COVID-19 spikes, muted dataThe S&P 500 and the Dow were largely unchanged on Thursday as investors stayed on the sidelines amid an uptick in coronavirus infections in parts ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

S&P 500 closes lower as COVID-19 resurgence casts a shadow on sentimentWall Street's main indexes slipped into the red in volatile trading on Friday as a report said Apple Inc would shut some of its U.S. stores again ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

EU in advanced talks with Johnson & Johnson on COVID-19 vaccine deal: SourcesThe European Commission is in advanced talks with pharmaceutical giant Johnson & Johnson to reserve or buy up-front doses of its COVID-19 vaccine ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

257 new Covid-19 cases in Singapore, including 4 in the community[SINGAPORE] There are 257 new coronavirus cases confirmed as of Thursday noon, taking Singapore's total to 41,473. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

President Trump's planned rally in Tulsa raises anxiety over race relations and Covid-19WASHINGTON - History may judge the coronavirus pandemic as the eye of the storm of the 2020 campaign for the White House.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »

There may be no immunity against Covid-19, new Wuhan study suggestsHONG KONG — Humans may never develop immunity against Covid-19, according to new research on antibodies by Chinese and American scientists.
Source: TODAYonline - 🏆 1. / 99 Read more »