NEW YORK (AP) — Stocks initially opened lower on Wall Street this morning as traders worried that trade tensions could flare again with China and as protests spread across the U.S. against police brutality, potentially threatening more outbreaks of the coronavirus. But U.S. stocks are now gaining. At 10:25 a.m. Eastern Time the S&P 500 was up 6 points, to 3,050. The Dow was up 65 points, to 25,449. And the Nasdaq was up 33 points to 9,522.
WASHINGTON (AP) — American factories contracted for the third straight month in May as they continued to sustain economic damage from the coronavirus pandemic. The Institute for Supply Management, an association of purchasing managers, says its manufacturing index came in at 43.1 last month after registering 41.5 in April. Anything below 50 signals that U.S. manufacturers are in retreat. New orders, production, hiring and export orders all fell in May but at a slower pace than they did in April.
WASHINGTON (AP) — The Supreme Court is leaving in place a ruling that allows the trustee recovering money for investors in the Bernard Madoff Ponzi scheme to pursue more than $4 billion that went to overseas investors. The high court today declined to get involved in the case. An appeals court said trustee Irving Picard could go after money that went through foreign investment funds back to foreign investors. A lower court had said those transactions were beyond the reach of U.S. law.
LONDON (AP) — The World Health Organization says that about half of countries surveyed in a new analysis have had partial or complete disruption of services for people with high blood pressure and diabetes treatment during the ongoing coronavirus pandemic. In a survey of 155 countries last month, the U.N. health agency found worrying problems in the provision of health care for people with non-communicable diseases, many of whom are at higher risk of severe complications from COVID-19.
LISBON, Portugal (AP) — Portugal is allowing movie theaters, shopping malls, gymnasiums and kindergartens to reopen beginning today, but the capital Lisbon isn’t seeing all those restrictions lifted because some hot spots of the new coronavirus have emerged there. On Sunday, officials reported that the Lisbon metropolitan area represented 268 of the country’s 297 new daily infections. Lisbon shopping malls and mega stores must stay closed, and people can gather in groups of no more than 10 people.