August 10, 2020

Dow jumps, Nasdaq falls as Trump acts in absence of aid deal

New York (AFP) – Wall Street was mixed early Monday, with Nasdaq retreating further as investors digested President Donald Trump’s efforts to take unilateral action in the absence of a deal with Congress on emergency pandemic spending.About an hour into the first trading session of the week, the tech-rich Nasdaq was down 0.4 percent to 10,963.75, while the Dow Jones Industrial Average gained 0.95 percent to 27,686.07 and the broad-based S&P 500 rose 0.2 percent to 3,357.96.Trump signed four executive orders over the weekend to defer payroll taxes, impose a moratorium on evictions, and provide …


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