US stocks open mixed as Nasdaq extends rally | Malay Mail

📆 10/07/2020 11:38:00
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NEW YORK, July 9 — Wall Street stocks opened mostly lower today, although the Nasdaq added to records as tech shares continued to outperform the broader market amid the Covid-19 recovery. About 20 minutes into trading, the Dow Jones Industrial Average was down 0.5 per cent at 25,934.74. The...

About 20 minutes into trading, the Dow Jones Industrial Average was down 0.5 per cent at 25,934.74. — Reuters pic

US jobless claims came in at 1.3 million last week, an exceptionally high number historically speaking, but down 99,000 from the prior week, showing a steady decline as the world’s largest economy gradually reopens and workers are recalled to their jobs. Investors have largely shrugged off spikes in US coronavirus cases, although there have been intermittent waves of selling.

Among individual companies, Walgreens Boots Alliance slumped 7.2 per cent as it projected full-year profits well below analyst expectations. Market conditions in Britain are “expected to remain very depressed,” the company said.

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