Stocks Traded Mixed, Eyed on Rising Coronavirus Cases
- Monday, June 29, 2020, 9:49
- Stock Market
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U.S. stock were mixed in the early trading on Monday, as investors wrestled with rising coronavirus cases. The Dow Jones Industrial Average lately rose 102.67 points, or 0.41%, to 25,118.22. The S&P 500 was down 6.20 points, or 0.21%, to 3,002.85. The Nasdaq Composite declined 74.24 points, or 0.76%, to 9,682.98.
Oil futures on Monday rose cautiously higher, even as rising cases of COVID-19 topped 10 million world-wide. West Texas Intermediate crude for August picked up 48 cents, or 1.3%, at $38.96 a barrel. Brent oil for August delivery climbed 47 cents or 1.2%, at $41.40 a barrel.
More cities rolled back reopening plans over the weekend. California Governor Gavin Newsom said Sunday that the state was ordering bars to re-close in seven counties including Los Angeles.
Gilead Sciences Inc has priced its COVID-19 drug candidate remdesivir at $2,340 for a five-day treatment in the United States and some other developed countries, it said on Monday, as it set the price for a single vial at $390.
Coty Inc said on Monday it would buy a 20% stake in reality TV star Kim Kardashian West’s makeup brand KKW, as the cosmetics maker looks to cash in on the demand for celebrity-owned products.
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