Stocks hover near records as Wall Street’s big rally slows

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Stocks open slightly higher on Wall Street, keeping major indexes hovering near record highs. Before trading opened the Labor Department reported that the number of people applying for unemployment benefits fell last week to a still-high 712,000.

People wearing face masks walk past a bank's electronic board showing the Hong Kong share index in Hong Kong, Thursday, Dec. 3, 2020. Shares were mostly higher in Asia on Thursday as investors were encouraged by progress toward rolling out coronavirus vaccines and talk of reaching a compromise on new help for the U.S. economy.

In the bond market, Treasury yields were dipping despite a report that showed fewer U.S. workers filed for unemployment benefits last week than expected. Economists cautioned the number may have been distorted by the Thanksgiving holiday, and it remains incredibly high compared with before the pandemic. Other stock markets around the world were mixed in mostly muted trading.Momentum across markets has slowed after the S&P 500 surged 10.

Across the country, the Labor Department said 712,000 workers applied for jobless benefits last week. That’s an improvement from the 787,000 of the prior week, but it still towers over the roughly 225,000 workers that were applying weekly before the pandemic struck.

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This photo is 3,000 points out of date, apparently from March. Fake news.

Would there really be any society-wide problem if stocks just...weren't?Give the stored money for people's pensions to a saving account (they typically perform better) and just get rid of them, get companies to live within their means the way the public are always told they must?

Oh thank goodness it fell. I hope it wasn't due all to expired benefits. Recently in the Pittsburgh area we had 6-8 inches of snow fall. Seven Springs should be open, the street shoveling is working.

Stocks are up while my neighbors are starving? Weird how that works.

Love how all of these companies haven’t turned a profit in months and yet their stock is through the roof. Totally not suspicious at all 😂

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