Wall Street drifts from losses to gains amid more dour data
STAN CHOE and DAMIAN J. TROISE
AP Business Writers
Stocks are flipping between small gains and losses on Wall Street Wednesday, as depressing data on the economy continues to roll in.
The S&P 500 drifted as continued gains for technology stocks, which have been nearly unstoppable even in the face of the coronavirus pandemic, jousted with more prevalent losses elsewhere in the market. The index was up 0.2%, as of 1:30 p.m. Eastern time, after earlier erasing a gain of 0.8% and then a loss of 0.4%.
The Dow Jones Industrial Average was up 18 points, or 0.1%, at 23,901. The Nasdaq, which is full of tech stocks, was up 1.2%. European and Asian stocks were also mixed as markets take a pause after rallying from late March through April.
A report Wednesday morning said private U.S. emplo
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