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US: Wall Street opens lower on rising virus cases, elevated jobless claims

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US stocks fell at the open on Thursday as an uptick in Covid-19 infections in the United States threatened to upend bets of a swift economic recovery.

[NEW YORK] US stocks fell at the open on Thursday as an uptick in Covid-19 infections in the United States threatened to upend bets of a swift economic recovery, with data showing weekly jobless claims remained elevated amid a second wave of layoffs.

The Dow Jones Industrial Average fell 103.16 points, or 0.39 per cent, at the open to 26,016.45. The S&P 500 opened lower by 11.85 points, or 0.38 per cent, at 3,101.64, while the Nasdaq Composite dropped 18.06 points, or 0.18 per cent, to 9,892.48 at the opening bell. 

REUTERS

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