U.S. stocks open slightly higher as investors weigh coronavirus impact


NEW YORK, July 10 (Xinhua) — U.S. stocks opened slightly higher on Friday as investors eyed the soaring number of coronavirus cases in the country while weighing its impact on an economic recovery.

Shortly after the opening bell, the Dow Jones Industrial Average rose 20.52 points, or 0.08 percent, to 25,726.61. The S&P 500 was up 2.85 points, or 0.09 percent, to 3,154.90. The Nasdaq Composite Index increased 0.54 points, or 0.01 percent, to 10,548.29.

Of the 11 primary S&P 500 sectors, energy rose more than 1 percent in morning trading, outperforming others. Technology, however, struggled.

The moves came as coronavirus infections continues to spike in the country.

More than 3.1 million confirmed COVID-19 cases have been reported in the United States, with over 133,000 deaths, as of Friday morning local time, according to the Center for Systems Science and Engineering at Johns Hopkins University.

U.S. equities closed mostly lower on Thursday with the Dow down more than 300 points as data showed U.S. jobless claims remained elevated amid the pandemic. Enditem


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