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MarketWatch MarketPulseAug 14, 2020
Stocks fall at the open, with coronavirus aid in question
U.S. stocks opened mostly lower on Friday, as investors digested so-so economic data against the backdrop of stalled negotiations over extending coronavirus aid. The Dow Jones Industrial Average was down 119 points or 0.4% to open near 27,778, while the S&P 500 lost 8 points, 0.2%, to open near 3,370. The tech-heavy Nasdaq Composite index bucked the trend, opening at 11,046, up about 3 points. Retail sales volumes grew 1.2% in July, below expectations, but boosted by upward revisions to prior months. All eyes are on consumer working and spending patterns now that existing fiscal relief has expired, and negotiations for an extension seem to have broken down in Washington. Shares of Tesla Inc. jumped at the start of trading, opening above an earlier record of $1,643.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseAug 13, 2020
Stocks open mixed after jobless claims falls below 1 million
U.S. stocks traded mixed at the start of Thursday's trade as investors monitored the state of talks between Democrats and Republicans over a coronavirus relief package, while jobless claims showed a larger drop than expected. The S&P 500 fell 0.2% to 3,373. The Nasdaq Composite rose 0.3% to 11,050. The Dow Jones Industrial Average slipped 81 points, or 0.3%, to 27,895. Initial claims for unemployment benefits showed marked improvement in the most recent week, falling to 963,000. Shares of Lyft Inc. fell 5.4% after the ride-sharing company late Wednesday said riders and revenue fell by more than half in the second quarter.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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