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Nearly half of Americans whose families experienced a layoff during the coronavirus crisis now believe those jobs are lost forever, a new poll shows, as temporary cutbacks give way to shuttered businesses, bankruptcies, and lasting payroll cuts. (July 24)

AP Domestic

NEW YORK – Wall Street’s big rally let off the accelerator on Friday, despite a better-than-expected report on the U.S. job market, amid worries about worsening U.S.-China tensions and whether Washington can deliver more aid for the economy.

The S&P 500 inched up 2.12 points, or 0.1%, to 3,351.28 to eke out a sixth straight gain, after being down most of the day. It’s back within 1% of its record for the first time since February. The Dow Jones Industrial Average added 46.50, or 0.2%, to 27,433.48.

Technology stocks took losses, though, on worries that China could retaliate for President Donald Trump’s latest escalation against Chinese tech companies.