Late News This information from last news on the day

India’s coronavirus cases cross 200,000, peak still weeks away By Reuters

© Reuters. The spread of the coronavirus disease (COVID-19) in New Delhi

NEW DELHI (Reuters) – India’s coronavirus infections crossed 200,000, the health ministry said on Wednesday, and a peak could still be weeks away in the world’s second most populous country.

Cases jumped by 8,909 over the previous day in one of the highest single-day spikes, taking the tally to 2,07,615. Six other nations, from the United States, to Britain and Brazil, have a higher caseload.

“We are very far away for the peak,” said Dr Nivedita Gupta, of the government-run Indian Council of Medical Research. Government officials have previously said it could be later this month, or even July, before cases start to fall off.

The death toll from the disease stood at 5,815.

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Seems there’s no stopping stocks — S&P, Dow hit three-month high on economic optimism

The S&P 500 and the Dow Jones indexes hit new three-month highs on Tuesday on prevailing optimism around the reopening of businesses, with investors remaining cautious around more disruptions from protests in the country over the death of a black man while in police custody.

Some of the worst-hit stocks in the travel sector, including American Airlines Group Inc, United Airlines, Norwegian Cruise Line and Carnival Corp, rose between 1.5 per cent and 2.7 per cent.

Improving economic data, trillions of dollars in stimulus and the restarting of businesses have helped the S&P 500 climb about 38 per cent from its March lows, leaving it only about 11 per cent below its Feb. 19 record high.

But investors are keeping a close eye on Sino-U.S. tensions and anti-police brutality marches and rallies that have often turned violent in many cities.

Demonstrators set fire to a strip mall in Los Angeles,

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Black workers losing jobs at twice the rate of white workers during coronavirus pandemic: Fortune survey

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The stock market has a long history of ignoring social upheaval

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FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html.
S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. | EU Data Subject Requests

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‘Glass half full’ outlook pushes S&P 500 over 3,000

U.S. stocks rose for a third day as optimism mounts that the global economy is on the rebound from the pandemic hit. Treasuries slipped.

The S&P 500 jumped back above 3,000 and its average price for the past 200 days, technical levels considered key by chart watchers.

The S&P/TSX composite index was up 13.37 points at 15,161.49.

In New York, the Dow Jones industrial average was up 345.12 points at 25,340.23. The S&P 500 index was up 22.12 points at 3,013.89, while the Nasdaq composite was down 26.69 points at 9,313.53.

For a second day, stocks most punished by the coronavirus, from Carnival Corp. to United Airlines, surged as investors anticipate a sharp uptick in spending on non-essential goods and services. The tech-heavy Nasdaq 100 Index retreated as investors shunned the high flyers that dragged equities off their lows throughout April and much of May. Rising tensions with China also

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