Market Overview

U.S. reports 55,000 COVID-19 cases in single day, hits new global record

The United States reported more than 55,000 new COVID-19 cases on Thursday, a new daily global record for the coronavirus pandemic, as infections rose in a majority of states. A surge in coronavirus cases over the past week has put President Donald Trump’s handling of the crisis under the microscope and led several governors to halt plans to reopen their states after strict lockdowns. The daily U.S. tally stood at 55,274 late Thursday, topping the previous single-day record of 54,771 set by Brazil on June 19.

Coronavirus cases are rising in 37 out of 50 U.S. states including Florida, which confirmed more than 10,000 new cases on Thursday. That marked the state’s largest daily spike so far and a level that exceeded single-day tallies from any European country at the height of the outbreak there. California, another epicenter, saw positive tests climb 37% with hospitalizations up 56% over the past two weeks. Texas Governor Greg Abbott, a Republican who has previously resisted calls to make face masks mandatory, on Thursday ordered them to be worn in all counties with over 20 coronavirus cases.

A U.S. Labor Department report out Thursday showed the re-openings had a dramatic impact on hiring, with the United States creating jobs at a record pace in June. However, employment remains 14.7 million jobs below pre-pandemic levels. But the latest batch of high-frequency data assembled by Federal Reserve officials, economists and private companies suggests economic activity stalled in recent days during new clamp-downs.

U.S. reports 55,000 COVID-19 cases in single day, hits new global record, Reuters, Jul 3

Article Rating