• Dollar index falls for the third day, US indices opened higher
• UnitedHealth (UNH.US) share price rose as company pushes self-collected coroanvirus test
Despite the disappointing macroeconomic data the US indices opened higher in another volatile session as investors were already pricing in an increase in number of unemployed in the near future as the impact of the spreading pandemic remains uncertain. Market sentiment was improved by the statement of treasury secretary Steven Mnuchin, who announced that ch US citizens should receive checks within three weeks.
FactSet (FDS.US) – The financial-information services provider reported better than expected quarterly earnings of $2.55 per share. These figure beats forcasts by 6 cents a share. Revenue was slightly lower than expected. The company also announced that will not update any financial guidance until its next quarterly results.
UnitedHealth (UNH.US) – The health-services company is introducing a new self-administer coronavirus test which could reduce the risk to health-care workers. The test calls for patients to swab their noses, drop the swab into test tubes, and hand the tubes back to the health-care workers. Company advised that the Food and Drug Administration (FDA) has updated its guidance on self-administered testing to allow the nationwide use of self-administered tests.