Stocks drift in early trading after closing out a big August

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Stocks start the new month on a weak note on Wall Street, a day after notching their biggest monthly gains since April. The S&P 500 was waffling between small gains and losses, while gains for Apple and other tech stocks pushed the Nasdaq higher.

A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, Sept. 1, 2020. Major Asian share indexes edged lower Tuesday in mostly muted trading after a retreat overnight on Wall Street.

The S&P 500 was up 0.2%, as more strength in technology stocks offset declines in health care, financial and most of the index’s other sectors. Treasury yields moved higher. Zoom Video Communications soared 42.7% a day after the now-ubiquitous video conferencing service reported another quarter of explosive growth. Tesla fell 1.9% after the electric car maker said it would sell up to $5 billion in stock.The Dow Jones Industrial Average was up 12 points, or less than 0.1%, to 28,447 as of 10:20 a.m. Eastern time after waffling between small gains and losses in the early going. The Nasdaq was up 0.9% a day after closing at an all-time high.

Encouraging data as broad swaths of the economy have reopened this summer have helped stoke investor optimism about a recovery. The question is whether that’s going to be enough to keep the market moving higher when so much uncertainty remains about the pandemic’s lasting impact on companies and consumers.

 

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Fuck the stock market. Let it burn. Buy local.

If the stock market truly reflected the economy then people would care. But it doesnt now and thst needs to be point out. All the stock market does now is itbshiws how the rich get much, much richer. Literally nothing else.

Hate it when the stocks are down. RUINS MY DAY!

Anyone but a Trump Republican. VOTE!

Anyone but a Trump Republican. VOTE!

Elect Biden and watch how fast the market crashes!

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