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Wall Street Opens Lower After Pessimistic US Data

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Wall Street opened lower after the US reported pessimistic data, as the US unemployment claims print higher than expected at 898K.

Also, investors are worried about the resurgence of coronavirus infection worldwide, which triggered the risk-off tone.

On opening, the Dow Jones down 1.06%, the Nasdaq 100 dropped 1.63%, and the S&P 500 declined by 1.32%.

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