Eye on unemployment and trade gap widen
The number of laid off workers seeking unemployment aid fell to about 1.48 million two weeks ago, marking a 12th weekly decline as the economy reels from the coronavirus. Economists expect a rise of about 1.3 million in new applications last week. The May trade gap widened to 49.4 billion dollars in April, a record monthly drop in exports and imports due to the pandemic, curbing U.S. growth.
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Nasdaq hits record as stocks rise on economy data
Sto Stocks ended mixed as technology shares pushed the Nasdaq to an all time high. Economic reports strengthened the S P 500 with signs of growing manufacturing and hiring. United Airlines announces August flights to triple June level. Drug maker aims for 100 million vaccine doses by year end if studies succeed.
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Lawrence shelter keeps two week wait as intake by appointment persists
City officials say the shelter maintains roughly a two week wait because intakes are by appointment to screen for COVID-19 symptoms. Guests with symptoms are sent to testing and off site quarantine until results are known, to prevent an outbreak in the vulnerable population.
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