MARKET OPEN: Wall Street cheer may help local market but covid worries continue

Thu, 09 Jul 2020

Investors may be cheered by a slightly better night on Wall Street, although ongoing concerns about rising covid-19 cases in the US and Australia will keep a lid on the enthusiasm. The number of confirmed US cases surpassed 3 million, affecting nearly one of every 100 Americans, Reuters reported. California, Hawaii, Idaho, Missouri, Montana, Oklahoma and Texas broke their previous daily record highs for new infections. The death toll in the US is 131,857. The Dow Jones Industrial Average was up 0.7 percent at 8am in Wellington, the S&P50...

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