The S&P 500 and Nasdaq eked out small gains.
Still, investors have been sensitive to any indications of a second wave of infections, out of fear that it could lead to new lockdowns, reversing the trend toward reopening the US economy that has lifted the stock market since it bottomed out in March.
As of 1530 BST, the Dow Jones Industrial Average was up 0.79% at 26,286.73, while the S&P 500 was 0.84% firmer at 3,141.55 and the Nasdaq Composite came out the gate 1.00% stronger at 10,042.50. The Nasdaq Composite was up 83.02 points, or 0.83%, at 10,026.07. In the end, the blue-chip index closed down 208.64 points, or 0.8%, at 25871.46.
During a choppy day of trading, the Dow rallied at the opening bell, swung more than 600 points on the Apple news, then staged a partial comeback in the last hour of the session.
The benchmark S&P 500 wrapped up its best three-day percentage rise in a month on Tuesday after a report on a massive fiscal stimulus plan and a stunning retail sales report for May reflected a pickup in demand with the easing of lockdowns.
The US Open tennis tournament will go ahead as scheduled | Offside
Previously, Rafael Nadal reiterated tennis should not resume until it is "completely safe" for competitors. The US Open is set to commence in August behind closed doors. "Given the conditions outlined in the U.S.
Among individual companies, AMC Entertainment fell 2.1 per cent as it reversed course on its safety policy, saying it would require face masks of all customers after its planned July reopening.
This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the US print edition of The Wall Street Journal (June 20, 2020).
Arizona, Florida and Oklahoma were among the states that saw a record increase in new infections on Tuesday as businesses reopened. Those gains came after a record surge in US retail sales and the Federal Reserve announcing it will buy individual corporate bonds. Most sectors in the S&P 500 index were lower, led down by Real-estate, Healthcare bucked the trend. United Airlines slid 6.9% and Delta dropped 4.1%.
In other markets, USA crude futures rose 0.7% to $38.22 a barrel, regaining some momentum as a meeting to monitor compliance with the so-called 'OPEC+' alliance's deal on output restraint passed off without major incident, while executives from major trading companies Vitol and Trafigura told Bloomberg that global demand is picking up quickly.