Stocks open mixed after jobless claims falls below 1 million

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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.
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