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Wall Street slips, but relentless rise for tech pares losses

By STAN CHOE, AP Business Writer
Published: July 30, 2020, 1:15am

NEW YORK — Most of Wall Street is pulling lower on Thursday, but the indefatigable rise for big tech stocks is helping the market trim its losses.

The S&P 500 was down 0.5% in early afternoon trading, with nearly three quarters of the stocks in the index lower. Among the hardest-hit were banks, oil producers and other companies that most need the economy to pull out of its recession.

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