Wall Street edges lower; Bitcoin jumps to record high


Stocks edged lower on Wall Street in afternoon trading on Thursday (US time) as investors remain cautiously optimistic about prospects for a new round of government aid as the economic recovery seemingly stalls.Wall Street continued to digest solid corporate earnings and updates on a decline of new virus cases. The latest government report on jobless claims, though, reaffirmed that employment remains a weak spot in the economy as vaccine distribution ramps up in the hopes of eventually ending the pandemic and its impact.In early afternoon trade, the S&P 500 is 0.3 per cent lower after making small gains earlier, marking another wobbly day of trading. The Dow Jones Industrial Average has lost 0.4 per cent, while the Nasdaq has shed 0.2 per cent.It sets up the Australian sharemarket to dip, with futures at 5.09am AEDT pointing to a fall of 6 points, or 0.1 per cent, at the open.Bitcoin jumped…

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