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According to Reuters’ calculations, the number of confirmed COVID-19 cases in California rose by 8,441 on Tuesday to post the highest single-day increase since the pandemic started.

Market reaction

The market sentiment remains sour following this headline. As of writing, S&P 500 futures were down 0.3% on a daily basis. Meanwhile, the greenback seems to be taking advantage of risk-off flows as well. The US Dollar Index, which tracks the USD’s performance against a basket of six major currencies, was last seen gaining 0.1% on the day at 97.48.