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Global shares waver on coronavirus fears

  • Writer: Editor Desk
    Editor Desk
  • Jul 8, 2020
  • 1 min read

Global stocks wavered on Wednesday, pressured by fears that a surge in coronavirus cases would slow the U.S. economy
NYSE

NEW YORK (Reuters) - Global stocks wavered on Wednesday, pressured by fears that a surge in coronavirus cases would slow the U.S. economy, while safe-haven demand lifted gold prices above $1,800 a ounce for the first time since 2011.

Stocks on Wall Street rose, boosted by technology shares, while the dollar slid as the number of confirmed U.S. coronavirus cases surpassed 3 million, affecting nearly one of every 100 Americans. Still, demand for the dollar proved remarkably stable given Wall Street’s strength.


Investor sentiment was on the sour side on the resurgence of the pandemic in the United States and elsewhere. Oil prices were steady as rising U.S. crude inventories and the surge in COVID infections put the brakes on a recent recovery.


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