Stocks fall short, with coronavirus help in question


U.S. stocks opened for the most part lower on Friday, as investors digested poor economic data amid stalled negotiations on extending aid for coronaviruses. The Dow Jones Industrial Average DJIA,
was down 119 points or 0.4% to open near 27,778, while the S&P 500 SPX,
lost 8 points, 0.2%, to open close to 3370. The highly technological Nasdaq composite index, COMP,
resisted the trend, opening at 11,046, up about 3 points. Retail sales volumes rose 1.2% in July, below expectations, but driven by upward revisions from previous months. All eyes are on the work and spending habits of consumers now that existing tax relief has expired, and negotiations for an extension appear to have failed in Washington. Shares of Tesla Inc. TSLA,
+ 1,57%
jumped early in trading, opening above a previous high of $ 1,643.


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