US STOCKS SNAPSHOT-S&P 500, Dow open flat as COVID-19 cases climb

Published 20/07/2020, 14:41
Updated 20/07/2020, 14:42
US STOCKS SNAPSHOT-S&P 500, Dow open flat as COVID-19 cases climb

July 20 (Reuters) - The S&P 500 and Dow indexes opened
nearly flat on Monday as concerns about a jump in COVID-19 cases
curbed risk appetite, with investors also hoping for more
stimulus to shore up a battered global economy.
Futures tracking both the indexes turned marginally positive
shortly before the open, as positive data from U.S. drugmaker
Pfizer PFE.N and German biotech firm BioNTech BNTX.O on
their experimental coronavirus vaccine showed it was safe and
induced an immune response in patients. The Dow Jones Industrial Average .DJI fell 11.66 points,
or 0.04%, at the open to 26,660.29, and the S&P 500 .SPX
opened lower by 0.44 points, or 0.01%, at 3,224.29. The Nasdaq
Composite .IXIC gained 22.83 points, or 0.22%, to 10,526.02 at
the opening bell.

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