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Stocks opened lower Friday after the U.S. Treasury moved to end some coronavirus pandemic lending programs given to the Federal Reserve that the central bank considered “essential.”Continue Reading BelowThe Dow Jones Industrial Average dropped over 130 points or 0.4%, led lower by Boeing and American Express.TickerSecurityLastChangeChange %I:DJIDOW JONES AVERAGES29340.57-142.66-0.48%BABOEING COMPANY201.53-4.18-2.03%AXPAMERICAN EXPRESS COMPANY112.29-1.77-1.55%The S&P 500 was of 0.3%, while the Nasdaq Composite ticked higher by 0.1%.TickerSecurityLastChangeChange %SP500S&P 5003572.19-9.68-0.27%I:COMPNASDAQ COMPOSITE INDEX11916.355877+11.64+0.10%Treasury Secretary Steven Mnuchin wrote a letter to Fed Chairman Jerome Powell, asking the Fed to return the unused $455 billion given to it under the CARES Act to help the struggling U.S. economy.The move was not expected by Fed officials, who immediately told Mnuchin the programs should be extended after Mnuchin’s letter was made public.STOCKS SHRUG OFF LOSSES, TECH AND ENERGY LED TURNAROUNDCOVID ACCELERATINGCases of COVID-19 have accelerated in recent days, with the country reporting 187,833 new cases on Thursday, the highest-ever daily figure. More than 11.7 million people have been infected by the virus, resulting in over 252,000 deaths, according to …
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