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Dow Posting Modest Loss In Mid-Day Trading, Nasdaq Remains Positive

(RTTNews) - After an early move to the upside, stocks have fluctuated over the course of the trading session on Friday. While the tech-heavy Nasdaq has remained in positive territory, the Dow and the S&P 500 have bounced back and forth across the unchanged line.

Currently, the major averages are turning in a mixed performance. The Dow is down 38.40 points or 0.1 percent at 31,002.73, while the Nasdaq is up 90.58 points or 0.7 percent at 13,158.06 and the S&P 500 is up 10.83 points or 0.3 percent at 3,814.62.

The markets initially benefited from optimism that a Democrat-controlled government will lead to more fiscal stimulus and a better handling of the coronavirus vaccine rollout.

In a statement on Thursday, President Donald Trump finally acknowledged "a new administration will be inaugurated on January 20th," although he declined to mention President-elect Joe Biden by name.

Trump has repeatedly refused to accept the outcome of the election, spouting fraudulent claims of widespread voter fraud that inspired his supporters to assault the U.S. Capitol building on Wednesday.
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