Stocks fell today, extending declines after Texas said it was pausing its reopening process due to a renewed surge in coronavirus infections in the state. Investors also monitored incoming economic data, with a new report showing stubbornly high levels of new unemployment claims.
Nearly all fifty U.S. states were at some stage of reopening today as authorities eased restrictions imposed to contain the spread of the new COVID-19 and stock markets opened higher on optimism about a potential vaccine trial.
Vastly slower U.S. oil growth this year and the prospect of a plateau for the world’s top oil producer have signaled a new and unfamiliar era of self-restraint for the go-go shale industry.
A Donald Trump supporter launched an “incredibly violent attack” on a BBC cameraman at a Texas rally in which the US president Trump repeatedly whipped up the crowd’s anger over supposed media bias.
The asian stocks were mostly weaker on low volumes, rounding out a third week of losses on a note of caution. The pound kept its gains following a breakthrough over the Brexit deal between the U.K. and EU.