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Added on the 17/06/2019 16:48:48 - Copyright : Wochit
Geneva, Jun 30 (EFE/EPA).- (Camera: EPA archive) The global weekly coronavirus cases reversed a 2-month decline, driven by the Delta variant, which has spread in nearly 100 countries including in the African continent, Russia, Brazil and the United Kingdom.ARCHIVE FOOTAGE OF VACCINATION POINTS AND TESTING IN WASHINGTON, BANGLADESH, INDIA AND THE UK.
On Tuesday, global stocks jumped after Donald Trump authorized President-elect Joe Biden's presidential transition process to begin. On Monday, Trump took a significant step toward acknowledging the election result. However, Business Insider reports, he is still convinced he and his allies can continue to contest the outcome. Another key factor driving the boost is Biden's planned nomination for former Federal Reserve chair Janet Yellen as Treasury Secretary. AstraZeneca's vaccine is helping drive oil prices to their highest levels since March.
Major Wall Street indices finish down more than seven percent following an ugly session sparked by an oil prices crash and fears over the economic fallout from the coronavirus. IMAGES
The Dow Jones Industrial Average broke above 20,000 points at the New York Stock Exchange for the first time Wednesday morning, setting a new record on Wall Street. The second-oldest stock market index in the US nearly reached this landmark on two previous occasions before reaching the once evasive mark at the opening bell. At the trading day's closing bell, the index had set a record high of 20,068. The DJIA, also known as the Dow 30, measures the performance of the 30 largest publicly owned companies trading in the US. Apple, Goldman Sachs and ExxonMobil are among some of those companies.
U.S. stocks slipped on Thursday led by falls in financial shares and following weak Chinese economic data, but a late-day rebound in oil prices limited the day's decline. Roselle Chen reports.
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