US stocks trade mixed as investors weigh reopening hopes against virus spread

Business Insider Australia | Jun 29, 2020 at 3:42 PM
  • US equities traded mixed on Monday as investors continued to bet on economic reopenings despite soaring coronavirus case counts.
  • The spike in cases has yet to fuel a similar uptick in coronavirus deaths, but experts caution the pandemic’s spread could revive strict lockdowns.
  • Gilead stock also soared on Monday after the biotech company priced its remdesivir drug at $US2,340 for a five-day course.