Coronavirus Updates: Florida Records Largest Daily Spike as U.S. Cases Rise Hit Two-Week High

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U.S. stock index futures endured the worst selloff within the cash market in 12 days among indications of overheating in addition to a possible second wave of coronavirus infections.

The Dow jones Johnson Industrial Average sank greater than 1,800 points on Thursday mid-day, and also the S&P 500 stepped 5.7 %, as the Nasdaq Composite tucked five percent.

“At as soon as, until there’s indisputable proof of another outbreak in New You are able to, the marketplace moves still appear much more about profit-taking than the usual new duration of risk-off,” stated Stephen Innes, chief global markets strategist at AxiCorp.

Houston-area officials are “getting close” to reimposing stay-at-home orders and are ready to reopen a Covid-19 hospital established but not used at all in a football stadium as virus cases expand within the 4th-largest U.S. city.

The announcement by Harris County Judge Lina Hidalgo and Houston Mayor Sylvester Turner on Thursday came each day following the Lone Star condition recorded its greatest one-day tally of recent cases because the pandemic emerged.

“We might be approaching the precipice of the disaster,” stated Hidalgo, the greatest-ranking county executive. “It’s beyond control at this time. The good thing is it isn’t severe beyond control.”

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