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Gains for tech nudge S&P 500 slightly higher in early trade

3 years 3 months 4 days ago Wednesday, August 26 2020 Aug 26, 2020 August 26, 2020 9:01 AM August 26, 2020 in News
Source: Associated Press

NEW YORK (AP) — Most stocks are opening lower on Wall Street Wednesday, a day after the S&P 500 set its latest record high, but gains from several big technology comanies and other stocks nudged the index slightly higher in the early going.

Salesforce.com soared more than 17% after reporting quarterly results late Tuesday that blew past analysts’ expectations.

The standout report for the company came a day after it was tapped to be added to the Dow Jones Industrial Average.

Traders were encouraged to see that orders for big-ticket manufactured goods jumped 11.2% in July for the third straight monthly gain.

Treasury yields rose.

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