Wall Street's main indexes fell on Thursday with the S&P 500 slipping from a five-week high as concerns about the economic toll from rising coronavirus cases nationwide were amplified by data showing elevated levels of unemployment claims.
The tech-heavy Nasdaq underperformed the S&P 500 for the fifth straight session, while S&P’s cyclical sectors - financials .SPSY, industrials .SPLRCI and materials .SPLRCM - were in favor.
Twitter Inc fell 1.5% as hackers accessed its internal systems to hijack some of the platform’s top voices including U.S. presidential candidate Joe Biden, reality TV star Kim Kardashian West, former U.S. President Barack Obama and billionaire Elon Musk and used them to solicit digital currency. Tesla Inc slipped 4.5% as its vehicle registrations nearly halved in the U.S. state of California during the second quarter, according to data from a marketing research firm.
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