MARKET OPEN: Second covid wave may keep investors sidelined

Mon, 29 Jun 2020

Risk aversion may hang over the domestic equities market today as concerns grow at the potential economic impact of a second wave of covid-19 infections. Wall Street’s major indexes tumbled more than 2 percent on Friday as several US states re-imposed business restrictions in response to a surge in coronavirus cases. Texas and Florida ordered bars to close again. Meanwhile, President Donald Trump's re-election campaign team postponed Vice President Mike Pence's events in Florida and Arizona this week "out of an abundance of caution," a ca...

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