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Dow sinks at Wednesday’s open but Nasdaq trades flat as Wall St. worries about rising trade tensions and coronavirus cases – MarketWatch

U.S. stocks opened firmly lower Wednesday morning, threatening to snap an eight-session win streak for the Nasdaq Composite, amid signs of rising coronavirus cases and worries about fresh international trade tensions. Those concerns have under cut enthusiasm for equities, which have already enjoyed a blistering rebound from their March lows. The Dow Jones Industrial Average DJIA, -2.74% was trading 222 points, or 0.8%, lower at 25,939, the S&P 500 index SPX, -2.62% was off 0.6% at 3,113, while the Nasdaq Composite Index COMP, -2.29% was off less than 0.1% at 10,104, after posting its second straight record close on Tuesday and its eight consecutive advance, widening a performance gap between the technology-laden index and broader market benchmarks. Reports of possible trade tensions between the U.S. and its European and North American allies, was drawing attention after, Bloomberg indicated that the Trump administration was considering imposing tariffs on an array of goods from Europe totaling some
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