S&P/ASX 200 dives 1.37% as new COVID-19 cases rise for eighth straight week
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S&P/ASX 200 dives 1.37% as new COVID-19 cases rise for eighth straight week
Netflix shares slumped more than 10% in after-hours trading after adding just under 4 million subscribers in the first quarter missing the company’s forecast of 6 million. Iron ore prices rose by US$6.55 or 3.6% to a 10-year high of US$187.75 a tonne.
S&P/ASX 200 (INDEXASX:XJO) dived 1.37% to 6,921.5 points by 1 pm on its worst session since late February as new COVID-19 cases worldwide increased for the eighth straight week, with a record 5.2 million infections reported in the past seven days and an alarming growth rate in young people, according to the World Health Organization (WHO).
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