Stocks open higher as investors eye deluge of pre-Christmas data

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U.S. stocks were higher at the start of Wednesday’s trade as investors sifted through a parade of U.S. economic data before the Christmas holidays. The S&P 500 rose 0.4% to 3,701. The Dow Jones Industrial Average advanced 157 points, or 0.5%, to 30,173. The Nasdaq Composite fell 2 points to 12,806. The data was mixed, suggesting the U.S. recovery had not been derailed by the resurgence of the COVID-19 pandemic. Weekly jobless claims fell and November durable goods rose, even as last month’s personal income shrank. Shares of Tesla Inc. fell Wednesday, putting them on track for a third-straight loss as a new member of the S&P 500.
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