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Wall Street recovers losses despite jump in COVID-19 cases and new lockdowns – ABC News
US stocks recover lost ground despite an increase in claims for unemployment and a jump in coronavirus cases as US deaths surpass 250,000.
US stocks have come off their lows despite a surge in coronavirus cases in North America, with new lockdowns imposed across cities and states.
Key points:
- US stocks come off their lows in mixed trade
- New claims for state jobless benefits rose by 742,000 seasonally adjusted last week
- IMF warns the global economic recovery could stall amid increasing coronavirus cases.
New hospitalisations for COVID-19 jumped by almost 50 per cent over the past fortnight and the US death toll surpassed a quarter of…
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