2020-06-14 00:00:00, Laura He, CNN
Content Categorization
/Business & Industrial
/News/Business News
Word Count:
714
Words/Sentence:
20
Reading Time:
4.76 min
Reading Quality:
Adept
Readability:
13th to 15th
Several US states that reopened weeks ago are now reporting a rising number of infections and hospitalizations.A second wave could undermine the extreme optimism about the economy that had catapulted US stocks toward record highs.
Overall economic output returned above 2019 levels in May for the first time since the Covid-19 outbreak," Martin Rasmussen, China economist for Capital Economics, wrote in a research report.
The US economic calendar is light this week, but the New York Manufacturing Index report for June, released Monday morning, was surprisingly strong.
New York/Hong Kong (CNN Business)Volatility has returned to the stock market, as the United States and China grapple with new coronavirus outbreaks.
As much of the United States begins to reopen following coronavirus lockdowns, scientists and health experts are warning about the potential for a second wave of the virus, which could have devastating effects for the economy.
Keywords
investing, Dow set to fall nearly 600 points as coronavirus fears grow in the US and China – CNN
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