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How should MLB handle Cardinals COVID-19 outbreak? Three options league has with St. Louis still sidelined CBS SportsNews 4 Afternoon Update: August 10, 2020 KMOV St. LouisBad news keeps coming for Cardinals: another positive test, another series postponed STLtoday.comTigers' doubleheader Thursday vs. C
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Casino, cruise-line, and airline stocks are roaring higher today on some positive news for the travel industry.
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Mixed trading continued on Wall Street to start the week, following new actions on federal stimulus over the weekend and another shot to U.S.-China relations on Monday.
President Donald Trump announced several executive orders on Saturday, as Congress dithered on a new stimulus bill, that would temporarily halt payroll-tax collections and partially extend "bonus" jobless benefits that expired in June. However, politicians and analysts alike questioned how much effect each EO could have on its intended goal, not to mention whether they would stand up to likely forthcoming legal challenges.
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Also Monday, China ratcheted up tensions even further by sanctioning nearly a dozen American politicians in retaliation for similar U.S. actions in Hong Kong.
But perhaps the day's most important development was the continuing rebound by beaten-down cyclical stocks, in contrast to many declining large-cap tech stocks whose gains have driven the Nasdaq Composite to considerable outperformance in 2020.
The Dow Jones Industrial Average closed 1.3% higher to 27,791.44, led by industrial stocks Boeing (BA, 5.5%) and Caterpillar (CAT, 5.3%). The S&P 500 gained 0.3% to 3,360, and small caps had yet another productive day with the Russe
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