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US stocks wobble as pandemic damage to economy piles up

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New York: US stocks are teeter-tottering on Thursday, following more evidence that the pandemic is tightening its grip on the economy and as investors wait to see if Congress will do anything about it.The S&P 500 was flipping between gains and losses and was 0.1% higher in midday trading, a day after pulling 0.8% lower from its record high.

The Dow Jones Industrial Average was down 24 points, or 0.1%, at 30,044, as of 10:56 a.m. Eastern time, and the Nasdaq composite was 0.6% higher.Treasury yields wobbled but were holding relatively steady after a report showed 853,000 US workers applied for unemployment benefits last week.

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