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Tech stocks lift Wall Street as worries over rising coronavirus cases mount

The World Health Organization reported a record rise in global coronavirus cases on Sunday, driving demand for perceived safe-havens, including gold and longer-term US Treasuries.

Wall Street, US stocks
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The S&P 500 is trading in a tight range of late as several US states, mainly in the West and South, have reported a surge in cases

Medha Singh | Reuters
Technology stocks pushed Wall Street's main indexes higher on Monday but sentiment remained fragile as a spike in coronavirus cases in the United States and other major economies fueled fears of a setback to the nascent economic recovery.
 
The World Health Organization reported a record rise in global coronavirus cases on Sunday, driving demand for perceived safe-havens, including gold and longer-term US Treasuries.
 
Travel-related stocks, one of the worst-hit sectors due to the outbreak, fell. The S&P 1500 airlines index dropped 0.7%, while shares of cruise operators Norwegian Cruise Line and Royal Caribbean Cruises both tumbled about 6%.
 
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First Published: Jun 22 2020 | 11:01 PM IST

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