US STOCKS CLOSE MIXED OVER JOBLESS DATA, RESURGENT COVID

US stocks closed mixed on Thursday as investors reacted to a global resurgence of coronavirus cases, Carmen Reinicke reported for Business Insider early on June 19, 2020. The S&P 500 and the Dow Jones industrial average swung between slight gains and losses in a choppy trading session. The tech-heavy Nasdaq rose slightly, posting its fifth straight day of gains.

Several US states have seen a spike in coronavirus cases, and Texas, Arizona and North Carolina this week have reported record numbers of COVID-19-related hospitalizations. Meanwhile, China is grappling with its worst outbreak since the initial one in Wuhan. In Beijing, a new round of cases has reportedly prompted school closures and canceled flights into and out of the city, though authorities have claimed the outbreak is under control.

"The belief that the global economy will swiftly recover during the third quarter is now uncertain," Hussein Sayed, the chief market strategist at FXTM, told Business Insider in an email. "The faster economies reopen, the more likely we will see a second wave of infections translate into new lockdowns."

Here's where US indexes stood at the at 4 p.m. ET market close on Thursday: S&P 500, 3,115.34, up 0.1%; Dow Jones industrial average, 26,080.10, down 0.2% (40 points), and; Nasdaq composite, 9,943.05, up 0.3%.