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rdf:type	schema:NewsArticle
schema:articleBody	The Dow retreated from the record-setting 30,000 mark in early trading Wednesday, after crossing the symbolic threshold a day before as US stocks boom despite the coronavirus pandemic. The record was praised by President Donald Trump and underscored how Wall Street, buoyed by the Federal Reserve's massive liquidity lines, has managed to power ahead even as the wider economy has wavered. But about 30 minutes after the opening bell, the benchmark Dow Jones Industrial Average was 0.6 percent lower, back down to 29,864.67. The broad-based S&P 500 retreated 0.3 percent to 3,623.96, while the tech-rich Nasdaq Composite Index rose 0.2 percent to 12,064.92. Traders were digesting a slew of data releases before the market opened, including new Labor Department weekly jobless claims data that increased for the second straight week, the first back-to-back rise since July. New claims filed in the week ended November 21 were at 778,000, higher than expected and above the single worst week of the 2008-2010 global financial crisis. However, the Commerce Department said durable goods orders rose by a better-than-expected 1.3 percent in October, led by a 79.1 percent surge in defense aircraft and parts. "Inventories are likely to fall during the holiday shopping season. As a result, we expect demand for manufacturers' goods to remain elevated next year," Mickey Levy of Berenberg Capital Markets said. Among individual stocks, media company ViacomCBS was 2.2 percent lower after it announced it would sell the Simon & Schuster publishing house to Penguin Random House for $2.18 billion. cs/dw
schema:headline	Dow retreats from record at US stocks open
schema:mentions	Simon the Zealot Christmas and holiday season S&P 500 Index Jobless claims Great Recession Dow Jones Industrial Average Federal Reserve Australian Labor Party Pandemic Coronavirus President of the United States Donald Trump Arthur Schuster Penguin Random House Mickey Levy ViacomCBS Berenberg family Worst Week Data warehouse United States Department of Commerce Market liquidity NASDAQ Composite
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-11-25 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	63 (xsd:integer)

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