Coronavirus Update US: Florida COVID-19 cases rose by 7.8%

Eren Sengezer FXStreet

The latest data from the US revealed that the confirmed number of coronavirus cases in the state of Florida increased by 7.8%, or by 8,942. The 7-day average rate of increase in the state stands at 4.1%.

Earlier in the day, Texas Governor Gregg Abbott announced that they ordered bars to close and restaurants to lower their capacity to 50% to limit the surge in COVID-19 cases in the state.

Market reaction

Wall Street's main indexes continue to push lower on these figures. As of writing, the S&P 500 was down 2% on the day while the Dow Jones Industrial Average and the Nasdaq Composite were losing 2.35% and 2.1%, respectively.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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