The number of confirmed cases surged, and US stocks opened lower across the board! Ruixing Coffee plunged nearly 8%

U.S. stocks opened slightly lower on Monday, as the surge in new U.S. crown cases triggered market concerns about the U.S. economic outlook. The panic index VIX fell 3.2% to 34 points.
As of the opening, the Dow fell 105.3 points to 25766.16 points, a decrease of 0.41%; the Nasdaq fell 5.36 points to 9940.76 points, a decrease of 0.05%;
S&P 500
The index fell 8.39 points to 3089.35 points, a decrease of 0.27%. The energy sector led the decline, while the technology sector rose.
Oil prices fell slightly, as the surge in new U.S. crown cases triggered investors’ concerns about the prospects for crude oil demand. WTI crude oil futures fell 0.3% to $39.72 per barrel. Brent crude oil futures fell 0.3% to $42.06 per barrel.
The price of gold hit a new high of more than a month. The surge in confirmed cases of new crowns around the world has caused the market to worry that the global economic recovery will be delayed. US COMEX gold futures rose 1% to $1770.10 per ounce. The US dollar index fell 0.3% to 97.33.
Affected by the rebound of the US epidemic, most European stock markets are in a state of decline today.
Record number of newly confirmed coronavirus cases in multiple states in the US
Concerns about the second wave of the new coronary pneumonia epidemic still seem to be an uncertain factor in the market. According to data from the World Health Organization (WHO), there was the largest single-day increase in global coronavirus cases on Sunday.
Worries about the global new coronary pneumonia epidemic have increased. In the past weekend, the latest epidemic situation in Brazil, the United States, India, Germany and other countries seems to have exacerbated the second wave of outbreaks.
The WHO said that Brazil reported nearly 55,000 new infections on Sunday, the country with the most reported cases, followed by the United States that reported more than 36,000 new cases on Sunday; India had more than 15,000 new infections. .
Even Germany, known as a model of coronavirus prevention and control, jumped to 2.88 on Sunday—this infection rate means that an average of 100 infected people will infect 288 people. Experts hope to control the virus infection rate below 1, in order to slow the spread of the virus.
With the reopening of businesses, many states in the United States continued to struggle with rising coronavirus infections this weekend, and some states in the southern, western, and midwestern United States suffered particularly hard.
California reported on Sunday that the number of newly confirmed coronavirus cases reached 4515 in 24 hours, the highest number of new cases in the state since the coronavirus pandemic. According to statistics, the number of coronavirus infections in Florida increased by 4,049 in a single day, and by 3494 on Sunday.
The number of new coronavirus confirmed cases in many states including Arizona, Nevada, Missouri, South Carolina, Montana and Utah also reached the highest single-day record this weekend. The epidemic rebounded widely and threatened the worries of the US reopening process.
However, other regions that have implemented blockade and isolation measures for a longer period of time are prepared to continue to relax restrictions this week. New York City is scheduled to enter the second phase of the reopening process on Monday, which will allow consumers to enter places such as hair salons, in-store shopping, and outdoor dining. It is estimated that up to 300,000 employees will return to work at this stage.
The latest economic data show that as states reopen and daily life returns to a certain degree of normality, economic activity will stabilize at least temporarily. But the latest outbreak of coronavirus cases has threatened the pace of economic activity that is moving in a positive direction.
Led by Justin Weidner
Deutsche Bank
Securities economists said: “Our analysis found that there are alarming trends in the extent and intensity of coronavirus outbreaks in Arizona, Alabama, California, Florida, Georgia and other states. These trends continue It shows that the epidemic of coronavirus has brought downside risks to the economic outlook.”
They said: “However, whether these risks will cause weak economic activity will depend on whether the government will revoke economic measures-this decision is closely related to the pressure of the epidemic and the hospital’s ability to bear, or depends on the public’s behavior pattern Will the change cause social isolation measures to be reactivated.”
Adam Crisafulli of Vital Knowledge wrote in a report: “Last Friday afternoon