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Wall Street perks up; S&P 500 edges even closer to record

Stocks are perking higher on Wall Street Thursday after a report showed the pace of layoffs across the country is slowing, though it remains incredibly high.  (File)
Stocks are perking higher on Wall Street Thursday after a report showed the pace of layoffs across the country is slowing, though it remains incredibly high. (File)
Published: Aug. 6, 2020 at 7:47 PM CDT
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NEW YORK (AP) - Stocks are perking higher on Wall Street Thursday after a report showed the pace of layoffs across the country is slowing, though it remains incredibly high.

The S&P 500 was up 0.6% in afternoon trading after spending much of the day waffling between smaller gains and losses.

It’s on pace for its fifth straight winning day, and it’s rallied back to within 1.2% of its record high set in February.

The Dow was up 174 points as investors waited for Congress and the White House to reach a hoped-for deal on more aid for the economy.

The Nasdaq was headed for another record.

Copyright 2020 The Associated Press. All rights reserved.

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