Stocks open slightly higher as Wall Street on pace for small weekly loss

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U.S. stocks saw a positive start on Friday as investors eyed the chances of a fiscal aid package being passed before the presidential election. The S&P 500 rose 0.3% to 3,463. The Nasdaq Composite was up 0.1% to 11,518. The Dow Jones Industrial Average advanced 43 points, or 0.2%, to 28,407. Even if lawmakers are unable to achieve a deal before the Nov. 3 election, analysts say next year will likely see a deluge of deficit spending by either party that could aid the U.S. recovery. Shares of Intel Corp. fell 11% after the company late Thursday said revenue sank more than expected in the third quarter as sales of server chips suffered.
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