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5/10, 3:31 PM (Source: TeleTrader)
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Wall Street opens mixed as COVID-19 cases drop

Stock market indexes in the United States opened mixed on Monday amid encouraging signs on the coronavirus front. National Institute of Allergy and Infectious Diseases Director Dr. Anthony Fauci estimated the country is "heading in the right direction" in terms of new infection numbers. The US recorded 21,329 cases of COVID-19 in the last 24 hours, a significant decrease compared to previous weeks. Meanwhile, Chicago Federal Reserve Bank President Charles Evans said the Fed will have to wait for a drop in unemployment and a rise in inflation before considering tapering its accommodative monetary policy.

The Dow Jones started the session 0.34% in the green, hitting a fresh record high. Chevron Corp. added 1.32%. The S&P 500 gained just 0.05% at the open, adding to its record close on Friday, as Viatris soared 7.78%. The Nasdaq 100 dropped 0.61% at 9:31 am ET, with Pinduoduo plummeting 9.63%.

The euro increased 0.06% compared to the dollar and sold for 1.21721 at 9:32 am ET.

Breaking the News / DJ