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U.S. Stocks Open Lower After Tech Giants Report Earnings

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U.S. stocks drop after tech earnings highlighted the pandemic's toll even on the world's biggest companies

U.S. stocks slumped Friday after Apple and Amazon.com reported earnings that highlighted the impact the coronavirus pandemic is having on the world’s biggest companies.

The S&P 500 fell about 2% early Friday, extending Thursday’s losses. The Dow Jones Industrial Average shed about 440 points, or 1.8%. The Nasdaq Composite lost 2.1%.

 

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Returning manufacturing to the USA will require a ton of digital. Remember we could do full employment without it. The swan of elegant manufacturing may be approaching.

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