Stocks open lower on Wall Street as virus infections spread
NEW YORK (AP) — Stocks are opening lower on Wall Street as mounting coronavirus infections and evidence of the damage being cause to people’s livelihoods rolls in. The S&P 500 gave up 0.4% early Thursday. The number of Americans seeking unemployment aid rose last week for the first time in five weeks, the latest sign that a resurgence in virus infections is leading employers to cut jobs. The modest recovery in the U.S. economy is increasingly at risk. New confirmed daily infections in the country have jumped 80% over the past two weeks, leading to greater restrictions on businesses, social gatherings and kids going to school.
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