US stocks rose on Monday, June 29 as the economy seemed to improve, all amid rising COVID-19 cases in the US.
COVID-19 numbers rose in many states, prompting Texas, California and Florida to temporarily pause reopenings. The WHO also reported the highest infections in a single day while noting that global casualties of the virus exceeded 500,000 and case numbers around the world reached 10 million.
The S&P benefited from better than expected US pending home sales while Facebook stock’s gradual recovery helped the NASDAQ increase gains. Boeing got a huge boost from regulators that approved a set of test flights for the 737 Max model, helping lift the DOW Jones Industrial Average.
References:
https://ca.finance.yahoo.com/news/asian-stocks-decline-yen-edges-210714360.html