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US STOCKS-S&P 500, Dow edge higher as Gilead data offsets virus concerns - Reuters
Jul 10, 2020 36 secs

* Nasdaq eases from record closing high.

* Dow rises 0.75%, S&P up 0.39%, Nasdaq down 0.03% (Updates to early afternoon).

“This market is psychologically focused on coronavirus news, and it’s a battle of positive news stories versus negative news stories,” said Mike Zigmont, head of trading and research at Harvest Volatility Management in New York.​​​​​​.

Technology stocks weakened, dragging the Nasdaq from its third record closing high this week.

Bank of America Corp, Citigroup Inc, JPMorgan Chase & Co and Goldman Sachs rose between 3.2% and 3.8% ahead of their financial results next week, which would mark the onset of the second-quarter earnings season.

Netflix Inc rose 6.5% after Goldman Sachs hiked its price target on the video streaming service’s shares

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