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Stocks plunge at the open on growing coronavirus cases, bank stress test results

Friday, 26 June 2020 20:54 WIB Indeks Nasdaq Indeks S&P 500 Indeks Dow Jones SahamAS

U.S. stocks opened lower Friday as investors digested the fallout from the Federal Reserve's bank stress tests and grim news on the spread of COVID-19. The Dow Jones Industrial Average fell 104 points, 0.8%, to open near 25,552, while the S&P 500 lost about 13 points or 0.4%, opening near 3,071. The Nasdaq Composite was down about 22 points, 0.2%, to 9,995. Shares of beaten-down retailer Gap Inc. surged at the open after the company announced Kanye West's Yeezy Gap brand will debut in 2021. But investors are still struggling to quantify the growing spread of coronavirus: the tally of new cases hit a record of almost 40,000 Thursday, according to Johns Hopkins data. Source :...

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Friday, 26 June 2020 15:24 WIB HONGKONG HANG SENG

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