About 40 minutes into the trading day the Dow Jones Industrial Average gained about 1.0 per cent to 28,066.00 and the broad-based S&P 500 rose 0.1 per cent to 3,364.73, retreating from an earlier surge. — Reuters pic
Lower taxes on selling investments like stocks will usually set investors cheering, but the tech-rich Nasdaq was not impressed, and continued its downward slide. But the news from the economic data continues to be worrisome: the NFIB small business optimism index fell nearly two points in July, far below expectations, reflecting the resurgence in Covid-19 in several states.
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