Stocks traded slightly lower on Thursday as the S&P 500 traded just below a record high and traders digested better-than-expected unemployment data, CNBC reports. The S&P 500 dipped by 0.2 percent. The Dow Jones Industrial Average was down by 75 points, or 0.3 percent. Cisco Systems dropped by more than 10 percent on the back of disappointing earnings guidance to lead the Dow lower. Meanwhile, shares of Apple gained by 1 percent.. Facebook and Amazon were also higher.

Source: The Standard August 13, 2020 13:52 UTC