US stocks open higher, resume gains

Economies.com
2020-07-08 14:04PM UTC

The major US stock indices rose on Wednesday, after yesterday's losses, lifted by the tech and energy sectors' gains.

 

This came despite Johns Hopkins University reporting that new cases of Covid-19 virus are still spiking in the US, with 60,000 confirmed cases in a single day.

 

White House officials stated that it would be a mistake to lockdown the economy and commercial activities again in the US.

 

The Trump administration issued a controversial announcement that international students in US universities and schools are forced to leave the country if their schools offer online classes.

 

As for stocks, Dow Jones rose 0.8% or 206 points to 26,097 as of 14:02 GMT, Nasdaq climbed 1.1% or 120 points to 10,464, and S&P 500 rose 0.8% or 25 points to 3,170.

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