Stocks open slightly lower, gold hovers near record high
NEW YORK (AP) — Stocks are opening slightly lower on Wall Street and the price of gold is hovering near the record high it closed at a day earlier. Investors are keeping a close eye on negotiations in Congress over more measures to provide economic relief from the coronavirus pandemic. A supplemental $600 weekly unemployment benefit expires this week, and Republicans are seeking to cut it back. Extending protections against evictions and other relief are also on the table. The S&P 500 fell 0.2%, led by declines in big technology companies like Apple and Microsoft. European markets were mixed and Asian stocks ended mostly higher.
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