We hope everyone had a great weekend and enjoyed the beautiful weather! It is Monday, June 15 and the market pullback continues and Treasury yields fall as second coronavirus wave fears intensify. In a huge ruling from the Supreme Court, workers cannot be fired for being gay or transgender. We are also reading why the markets historic ups and downs are a reminder to invest for the long-term. Also, we see that United Airlines taps their frequent flyer program to back a $5 billion loan and manufacturing activity in the New York area snapped back to life this month as optimism for future activity hit its highest in almost 11 years.
Stock futures dropped in early trading on Monday, pointing to more losses ahead as investors grapple with signs of a second wave of coronavirus cases as the U.S. economy reopens.
U.S. Treasury yields dropped on Monday as investors sought out shelter in traditionally safer bonds amid intensifying concerns over a second wave of coronavirus infections.
Since March, the U.S. stock market has pretty much moved one direction: up. But in the wake of a historic rally, this past week reminded investors of the bumpiness that riddled the market earlier in the year.
The Supreme Court ruled on Monday that workers cannot be fired for being gay or transgender in a major win for members of the LGBT community. The 6-3 holding, authored by Justice Neil Gorsuch, a conservative appointed by President Donald Trump, is a blockbuster development in the history of gay rights in the United States.
United Airlines on Monday said it’s using its frequent flyer program to back a new $5 billion loan, as the carrier seeks to shore up liquidity as coronavirus weighs on demand.
Manufacturing activity snapped back to life in the New York area this month as optimism for future activity hit its highest in almost 11 years. The Empire State Manufacturing Survey posted a reading of -0.2 in June after hitting record lows in the previous two months.