Monday 26 July 2021

S&P 500 at new high while COVID-19 spirals "out of control"

The S&P 500 rose 2 percent last week to end at a new all-time high.

The resurgence of COVID-19 in the US has not put investors off stocks, but whether that continues remains to be seen.

On Sunday, Dr Jerome Adams, the former surgeon general during the Trump administration, told CBS News that the pandemic is "spiraling out of control" again.

"More mitigation is coming, whether it's masking or whether it's closures or whether it's your kids having to return to virtual learning, that is coming," said Adams.

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