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The Stock Exchanges in New York Opened Mixed on Friday

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The stock exchanges in New York opened on mixed Friday. A record increase in the number of infections with the new coronavirus in the United States.

 

That is causing caution on the trading floors. Uncertainty about the economic recovery from the crisis is increasing.

The Dow-Jones index opened 0.4 percent higher at 25,811 points. The broad-based S&P 500 rose 0.2 percent to 3,156 points. The technology exchange Nasdaq, on the other hand, dropped 0.3 percent to 10,514 points.

In the past 24 hours, 65,870 new infections with the coronavirus have been reported in the US. That is the highest number in a day since the virus outbreak started.

Several US states are again reviewing restrictive measures against the virus outbreak. Several large companies recently announced major restructurings due to the pandemic.

Macroeconomically, US producer prices were unexpectedly down by 0.2 percent every month in June.

Among the companies, pharmaceutical Gilead Sciences gained 2 percent after the release of new research data that would support the action of its drug, remdesivir, against Covid-19.

Oil prices rose slightly following a new report from the International Energy Agency (IEA). It warned that the rising number of corona infections in the US, among others, could undermine the recovery in the oil market, but predicted a somewhat less sharp drop in demand than previously expected.

Oil producers such as Chevron and ExxonMobil gained up to 1.8 percent.

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