Coronavirus cases rise, stock market not as greatly impacted

Newswatch 12's Brian Morton discusses the coronavirus pandemic's impact on the stock market and the economy as cases continue to rise in the U.S.

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A money alert- the nasdaq composite closed at yet another all-time high today.

It was the fourth time this week that the tech-heavy index reached a record.

Stocks started the session higher after drug marker gilead said new data supports the effectiveness of remdesivir as a covid-19 treatment.

All three indexes recorded a weekly gain.

Steven holwerda with ferguson wellman joins us live again tonight.

Thanks for being here.

-when the pandemic first hit the stock market took a dive, we're seeing a rise in cases now.

Why isn't the stock market reacting to that?

-there's talk of another stimulus package.

How can that impact the market?

-a lot of state seeing a rise in cases are putting