EDITOR'S NOTE
Even the market needs to take a breather every now and then.
The Dow Jones Industrial Average and S&P 500 closed lower on Wednesday, giving back a small portion of the gains that lifted them into record territory the day before. The Nasdaq Composite, meanwhile, eked out a small gain.
Disappointing unemployment data kept market sentiment in check. The Labor Department said that 778,000 people filed for first-time unemployment benefits last week. Economists polled by Dow Jones expected initial jobless claims to come in at 733,000. ![]() Wednesday's decline wasn't enough to derail what could be a historic month for the Dow. The benchmark was still on track for its best monthly gain since 1987. The small-cap Russell 2000, which dipped 0.5% on Wednesday, remained on pace for its biggest one-month advance ever, up about 20%.
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Stocks making the biggest moves midday: L Brands, Estee Lauder, CureVac, Tesla & more This is a developing news story. Please check back for updates: https://www.cnbc.com/2020/08/20/stocks-making-the-biggest-moves-midday-l-brands-estee-lauder-curevac-tesla-more.html Follow @CNBCnow for breaking news and real-time market updates Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy CNBC Events © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 D
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