How COVID-19 is traced using smartphones and other top stories
Wall Street's major indexes lost ground as investors moved out of market-leading growth stocks, though a rotation into cyclical value stocks could point to hopes of economic revival as states begin to relax restrictions enacted to halt the coronavirus pandemic.The Dow and S&P 500 closed down less than 1%.
Ford posted a $2 billion first-quarter loss due to the impact of the coronavirus pandemic and said it expected its loss in the second quarter to more than double as it weathers a shutdown of its North American plants.Alphabet Inc on Tuesday beat analysts' estimate for quarterly revenue as its Google unit experienced a smaller drop-off in advertiser spending than had been anticipated given economic concerns related to the novel coronavirus.
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Russia reports record daily rises in new coronavirus cases and deathsThe number of new coronavirus cases in Russia climbed on Tuesday to 6,411, a record daily rise, bringing its nationwide tally to 93,558, the country's coronavirus crisis response centre said.
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Italy starts to reopen as COVID-19 cases begin to declineItaly – a country that has been hit hard by the coronavirus pandemic – is starting to see a glimmer of hope as the number of coronavirus cases begin to decrease.
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