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resurgence in coronavirus cases has upended bets of a swift
post-pandemic economic recovery, with the S&P 500 <.SPX> and the
Dow <.DJI> snapping a three-day winning streak on Wednesday.
Several U.S. states including Texas, Florida and Oklahoma have
reported a surge in new infections, however, Trump said late on
Wednesday that the United States would not close businesses
again.
The chief epidemiologist of China's Center for Diseases
Prevention and Control said on Thursday Beijing's latest
coronavirus outbreak had been brought under control.
After recent data showed a record rise in U.S. retail sales and
a surprise addition in jobs in May, investors will now look to
the Labor Department's weekly jobless claims report, the most
timely indicator of economic health.
The number of Americans filing for state unemployment benefits
is likely to fall for the eleventh straight week, but still
remain elevated following mass furloughs and layoffs during the
nationwide lockdowns.
At 6:17 a.m. ET, Dow e-minis <1YMcv1> were down 31 points, or
0.12%. S&P 500 e-minis <EScv1> were down 3.5 points, or 0.11%
and Nasdaq 100 e-minis <NQcv1> were up 5.75 points, or 0.06%.
Carnival Corp <CCL.N> fell 3.6% in premarket trading after
reporting a quarterly net loss of $4.4 billion and projecting a
loss for the rest of the year after the pandemic brought its
cruise business to an effective standstill.
Royal Caribbean Cruises Ltd <RCL.N> and Norwegian Cruise Line
Holdings Ltd <NCLH.N> dropped 2.2% and 3.2%, respectively.
(Reporting by Devik Jain and Medha Singh in Bengaluru; Editing
by Shounak Dasgupta)
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