Stocks open up as stimulus talks drag on, jobless claims drop

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U.S. stock benchmarks opened moderately higher Thursday as Washington made little headway in agreeing on another round of fiscal stimulus to support the economy. The Dow Jones Industrial Average was up 13 points after the bell, near 28,224, while the S&P 500 gained 5 points, 0.2%, to trade near 3,441. The Nasdaq Composite added 46 points, 0.4%, to about 11,530. The stalemate in Washington drags on even as the economic recovery continues to make progress, if uneven. On Thursday, the Labor Department said first-time claims for jobless benefits slid by 55,000 to a new pandemic-era low. As earnings season continues, shares of American Airlines Group Inc. were lower after the opening bell after a narrower-than-expected third-quarter loss and revenue that fell less than analysts had expected.
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