The S&P 500 dropped on Thursday, pulled lower by Microsoft Corp (MSFT.O) and Apple Inc (AAPL.O), as elevated levels of unemployment claims heightened concerns about the economic toll from rising coronavirus cases.
U.S. retail sales increased more than expected in June, but a resurgence in new COVID-19 cases is undercutting the budding recovery, keeping 32 million Americans on unemployment benefits.
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