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Dow stumbles at start of trading as weekly jobless claims return to above a million

August 20, 2020

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U.S. stocks opened modestly lower on Thursday after a weekly jobless benefit claims report suggested the recovery in employment was flagging.

After the S&P 500 index achieved its record close earlier this week, investors have become more angst-ridden about pricey stocks, amid a lack of further progress on Congressional coronavirus relief aid and what analysts see as waning enthusiasm by the Federal Reserve to do more to help accelerate the economic recovery.

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