MARKET OPEN: Eyes on rising covid cases in key markets

Mon, 15 Jun 2020

The market may get a lift after Wall Street ended the week on a positive note but new cases of covid-19 in China as well as rising cases in key US states may dampen some enthusiasm. The Dow Jones Industrial Average added 1.9 percent, the Nasdaq added 1 percent and the S&P 500 added 1.3 percent on Friday, largely on bargain hunting. However, as of June 13, 41 symptomatic laboratory confirmed cases and 46 laboratory confirmed cases without symptoms of covid-19 have been identified in Beijing, the World Health Organisation said. Until now, t...

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