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MarketWatch MarketPulseJul 13, 2020
U.S. stock futures rise amid troubling coronavirus numbers
U.S. stock index futures gained late Sunday, amid a record surge in coronavirus cases. As of midnight Eastern, Dow Jones Industrial Average futures were up around 150 points, or 0.6%, while S&P 500 futures and Nasdaq-100 futures were up around 0.4%. On Sunday, Florida reported a record 15,300 new cases in a day, as Disney World reopened in Orlando. Meanwhile in Houston, city leaders called on a return to a shutdown to slow the spread of COVID-19 as its hospitals neared capacity. Wall Street, though, has largely shaken off coronavirus worries, with two consecutive weeks of gains. Last week, the Dow finished 1% higher, the S&P 500 booked a gain of 1.8%, and the Nasdaq advanced 4%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Yahoo BusinessJul 12, 2020
Asia Stocks Set for Higher Open; Currencies Steady: Markets Wrap
(Bloomberg) -- Asian stocks were set to gain on Monday as investors looked to the start of earnings season for further clues on how companies are faring with the pandemic.Futures rose in Japan, Australia and Hong Kong, while U.S. contracts pushed higher. Currency markets saw muted moves in early trading and oil retreated. Banks -- which kick off the U.S. reporting season this week -- led the S&P 500 to gains on Friday. Treasuries reversed a rise that saw the five-year yield hit a record low.With global equities trading near their highest since February, investors are waiting to hear what companies have to say about their outlook for profits. As governments gradually ease coronavirus shutdowns to revive growth, new outbreaks are causing further restrictions and leading some market players to wind back their expectations on the pace of recovery.On the virus front, Florida on Sunday posted the biggest one-day rise in cases since the coronavirus pandemic began in the U.S., reporting 15,300 new infections. South Carolina and Texas set new marks a day earlier, while New York's rate remained steady."The spectre of a global second wave of the pandemic has resulted in a renewed veil of caution being thrown across the risk asset space in recent days," said Simon Ballard, chief economist at First Abu Dhabi Bank Pjsc. "The global economy remains delicately balanced for now, all of which we believe should continue to favor a cautious approach to asset allocation and risk as we push through the summer months."He
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