US stocks wobble as pandemic damage to economy piles up

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Stocks open lower on Wall Street as coronavirus aid talks in Washington remain stuck. The government also reported that the number of Americans applying for unemployment benefits rose more than expected last week to 853,000, the most since September.

The S&P 500 was virtually unchanged in morning trading after erasing an early loss of 0.8%. The Dow Jones Industrial Average was down 9 points, or less than 0.1%, at 30,062, as of 9:58 a.m. Eastern time, and the Nasdaq composite was 0.2% higher.

Through this pandemic, when investors have been worried about the health of the overall economy, they’ve often piled into Big Tech stocks for safety. Profits for these companies have proven more resilient to stay-at-home orders, and they’re benefiting from an acceleration of work-from-home and other trends.

 

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Down 200. Isn’t that well within the usual range of fluctuation?

UH OH realDonaldTrump - BETTER GET THOSE RINOS TO MAKE A DEAL. NOTHING YOU CAN DO ABOUT THE TRUTH OF THE ECONOMY THOUGH, THAT SHIPPED SAILED MONTHS AGO WHEN YOU STARTED PEDDLING YOUR IGNORANT, SCIENCE DENYING, MASK POLITICIZING, FAILURE OF LEADERSHIP VIEWS ON COVID-19.

Great job failed president

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