U.S. stocks lose steam as Apple re-closes some stores

S&P 500 Dow muted as rising COVID-19 cases dent recovery hopes

Wall Street closes down as late buying fails to overcome COVID concerns

Still, for the week, the S&P 500, the Dow and the Nasdaq posted solid percentage gains.

Still, investors have been sensitive to any indications of a second wave of infections, out of fear that it could lead to new lockdowns, reversing the trend toward reopening the US economy that has lifted the stock market since it bottomed out in March.

As of writing, the S&P 500 was up 0.1% on the day at 3,127 points, the Dow Jones Industrial Average was flat and the Nasdaq Composite was gaining 0.45% at 9,945 points.

Risk trades dip after John Bolton's book on Trump leaks
I am hard-pressed to identify any significant Trump decision during my White House tenure that wasn't driven by reelection calculations.


Apple Inc announced it is temporarily shutting some stores again in Florida, Arizona, South Carolina and North Carolina, which have seen a spike in coronavirus cases in recent days.

The Russell 2000 index of small company stocks added 0.54 points, or less than 0.1%, to 1,427.08.

As beforementioned, all three key indices of Wall St. were range-bound on Thursday with S&P and Nasdaq Composite managing to end down the session in the black after the US Labour Department had revealed that the initial jobless claims had been dropped by only 58,000 last week to 1.503 million, eventually bolstering the frets of a second wave of layoff as a raft of US companies had been grappling to stay operational amid a sweeping drop in demand.

US sues ex-Trump adviser Bolton to block book publication
Bolton asked when he would receive the letter confirming the book was cleared, Ms. The book, entitled The Room Where It Happened , is due to be released on 23 June.


California, Florida and North Carolina urged mandatory mask use on Thursday as at least six US states set daily records for new coronavirus cases. In California, residents are required to wear face masks in high-risk settings.

Volume on USA exchanges was 15.84 billion shares, compared with the 13.17 billion average over the last 20 trading days. New data showed a further decline in the count of USA oil rigs, a bullish sign for the energy markets as it shows oil drillers are reining in production. All 11 sectors were positive at one point and negative at one point.

Treasury yields were lower ahead of the speeches, with the yield on the benchmark 10-year Treasury note at 1.4917% and the yield on the 30-year Treasury bond also moving higher to 0.7200%. United Airlines slid 6.9% and Delta dropped 4.1%.

Yohan of TST is dead at 28
The group, which had been formerly known as Top Secret , most recently released the single " Countdown " in January. TST's label, KJ Music Entertainment issued a statement confirming the news to local outlets, writing.


Shares of US oil giants Exxon Mobil and Chevron both rose about 2 percent in morning trading, among the best performers in the 30-stock average.

Latest News