Stocks jittery as record U.S. virus count weighs on risk appetite – ZAWYA

Stocks jittery as record U.S. virus count weighs on risk appetite – ZAWYA

Stocks jittery as record U.S. virus count weighs on risk appetite | ZAWYA MENA Edition HomeMarketsEquitiesArticleStocks jittery as record U.S. virus count weighs on risk appetite Number of Americans filing for jobless benefits dropped to near a four-month low    Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. NEW YORK - Global equity benchmarks slid and oil prices flat-lined on Friday as investors weighed a record number of new coronavirus cases in the United States against improving economic data in Europe.More than 60,500 new coronavirus infections were reported across the United States on Thursday, the largest single-day tally of cases by any country since the virus emerged late last year in China. "The sharp increase in confirmed cases has led to growing concerns that a return to broad lockdowns lies ahead," Goldman Sachs wrote in a note. "While lockdowns can slow down virus spread effectively, they come at very high economic cost."More than 60,500 new coronavirus infections were reported across the United States on Thursday, the largest single-day tally