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[Markets] US STOCKS-Dow, Nasdaq hit record highs as focus turns to Biden's stimulus speech The Dow and the Nasdaq hit record highs on Thursday in anticipation of President-elect Joe Biden's pandemic aid proposal to jump-start a struggling economy after data highlighted weakening labor market conditions. The Labor Department's weekly jobless report showed the number of Americans filing first-time claims for unemployment benefits increased more than expected last week, underscoring the impact of a resurgence in COVID-19 infections. Published:1/14/2021 11:12:32 AM
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