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Stock Indices And Averages

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Stocks are opening higher on Wall Street following three days of losses and the biggest one-day drop in the S&P 500 since February. Big Tech companies like Apple and Microsoft, which had posted some of the bigger losses this week, were rising in the early going Thursday. the S&P 500 added 0.8% in the first few minutes of trading while the tech-heavy Nasdaq rose 1.3%. Investors got some mixed news on the economy, a larger-than-expected climb in producer prices last month but also a drop in weekly unemployment claims to the lowest level since the pandemic began. Treasury yields fell.

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Asian shares rose Thursday and U.S. futures also were higher after President Joe Biden delivered a speech to Congress that outlined ambitious plans for jobs creating spending on early education, child care and other public services.

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