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Stocks open mostly higher as investors shrug off China tensions, jobless toll topping 40 million

May 28, 2020

Stocks opened mostly higher Thursday, as traders looked past another dismal U.S. weekly jobless claims report, a day after optimism over ending lockdowns to control the spread of COVID-19 pushed stocks to their highest levels since early March.

Still, traders said concerns over rising U.S.-China tensions, which have been largely ignored so far, remain in the background but could cap gains.

What are major indexes doing?

The Dow Jones Industrial Average DJIA, 0.30% opened 172 points, 0.7%, higher, near 25,720, while the S&P 500 SPX, 0.30% gained 10 points or 0.3% at the open to start trading near 3,046. The Nasdaq Composite Index COMP, 0.24% slipped about 19 points or 0.2%, near 9,393.

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