US stocks open lower, pulling S&P 500 further below record
NEW YORK (AP) — Stocks are opening lower on Wall Street as investors turn cautious after a record-setting run for the S&P 500. The index was down 0.3% in early trading Thursday. Traders were disappointed to see that the number of Americans seeking unemployment benefits rose back above 1 million last week, a sign that employers are still cutting jobs as the coronavirus pandemic savages the economy. Treasury yields fell. A day earlier, the S&P 500 slipped from its record after the Federal Reserve released minutes from its latest meeting that showed policymakers say businesses are still cautious because of the tremendous uncertainty surrounding the economic outlook.
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