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MarketWatch MarketPulseJul 09, 2020
Nasdaq Composite hits new intraday record as stocks open mostly higher
U.S. stocks mostly rose at the start of Thursday, led by gains in tech shares as investors saw weekly jobless claims fall, albeit from elevated levels. The S&P 500 rose 0.2% to 3,167. The Dow Jones Industrial Average shed 19 points, or less than 0.1%, to 26,049. The Nasdaq Composite advanced 0.7% to 10,564, hitting a new intraday record at the start of trading. Another 1.3 million Americans filed for first-time unemployment benefits in the most recent week, below the 1.4 million expected from MarketWatch-polled economists. Investors also continued to contend with a resurgence of infections in hot spots like Florida and Texas, large regional economies. The worry is slowing consumer and business activity in these states could dent the pace of the recovery in the broader economy.

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.



MarketWatchJul 09, 2020
Market Snapshot: Dow trades 300 points lower as doubts about recovery from coronavirus resurface
U.S. stock declines gather momentum late-morning Thursday as investors digest a report on jobless claims that showed fewer Americans filed for unemployment benefits for the first time in the most recent week, and the aftermath of a Supreme Court decision that a New York prosecutor could have access to President Donald Trump's tax returns.
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