Most of Wall Street dips, but tech gains keep S&P 500 steady

FILE - In this Jan. 3, 2020 file photo, the Wall St. street sign is framed by American flags flying outside the New York Stock Exchange in New York. Stocks are slipping in early trading on Wall Street Thursday, Aug. 20, following discouraging data about the economy, as the number of layoffs sweeping the country picks up again. The S&P 500 was down 0.2% after the first 20 minutes of trading, following up on sharper losses for stock markets overseas.

The benchmark index was virtually unchanged about an hour into trading, after wiping out an earlier 0.6% loss. The Dow Jones Industrial Average was down 14 points, or 0.1%, at 27,678, as of 10:32 a.m. Eastern time, after nearly eliminating its earlier loss of 166 points, while the strength for tech stocks had the Nasdaq composite up 0.3%.

The discouraging reports helped send nearly two out of every three stocks in the S&P 500 lower. But tech stocks in the index rose 0.5%, and because they’re among the biggest by total market value, their movements carry more weight on the index. They also showed that several Fed officials aren’t very excited about the idea of putting caps on yields beyond ultrashort-term rates, a move that some investors had been speculating could be next for the central bank to help markets.

Keep an eye on COVID-19 impact & recovery in our interactive hub that shows unemployment, economy & pandemic indicators all in one place. You can compare and contrast the latest available govt data and see how our country is faring:

More than 1 million Americans filing for unemployment shouldn't be a surprise after the explosion of Coronavirus cases in the south, southwest and California.

What goes up must come down. What is produced by all of the buying and selling? Do they grow anything or build anything? How much do the middle men or women get? What do they produce?

Oh no. The traders were disappointed!!!!

Only remaining question is recession or depression?

The AP promotes black supremacy by choosing to capitalize the race “black” but not white, and we’re supposed to take you seriously. canceltheap

I’m sure realDonaldTrump POTUS will blame someone else. LoserInChief TrumpIsANationalDisgrace TrumpIsACompleteFailure GOP

or was it bannon’s indictment?

imagine how disappointed those americans were

Eye roll All Pravda News.... Give it a minute 🖕

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