Wednesday 8 July 2020

Markets fall, US COVID-19 cases cross 3 million

Markets were mostly lower on Tuesday.

The S&P 500 fell 1.1 percent and the STOXX Europe 600 fell 0.6 percent.

Earlier in Asia, the Nikkei 225 fell 0.4 percent but the Shanghai Composite rose 0.4 percent.

US stocks fell amid unrelenting bad news on the COVID-19 spread in the country, which Reuters reported as having crossed 3 million confirmed cases on Tuesday.

The University of Washington’s Institute for Health Metrics and Evaluation projected on Tuesday that US deaths would reach 208,000 by 1 November.

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