Another Nasdaq record | Jobs progress? | Biden plan

The Dow erased its gains for the week as coronavirus cases rise.

VIEW IN BROWSER | SUBSCRIBE THU, JUL 09, 2020 EVENING BRIEF AS OF THU, JUL 09, 2020 • 04:11 ET DJIA 25706.09 -1.39% -361.19 S&P 500 3152.05 -0.56% -17.89 NASDAQ 10547.75 +0.53% +55.25   Most Active DOW NAME LAST CHG %CHG BA 173.28 -6.80 -3.78% MSFT 214.32 +1.49 +0.70% AAPL 382.73 +1.36 +0.36% S&P 500 NAME LAST CHG %CHG AMD 57.26 +3.83 +7.16% F 5.84 -0.25 -4.11% BAC 22.77 -0.33 -1.43% NASDAQ NAME LAST CHG %CHG AMD 57.26 +3.83 +7.16% AAL 11.18 -0.81 -6.76% UAL 30.17 -2.36 -7.25% EDITOR'S NOTE The reopening trade stalled so much on Thursday that not even Big Tech could lift it.   As coronavirus cases surged by another 62,000, the tech-heavy Nasdaq ticked higher to a record level. But the Dow Jones Industrial Average and the S&P 500 declined.   Hospitalizations and deaths are on the rise. And White House health advisor Dr. Anthony Fauci warned that states with severe outbreaks should consider shutting down. He later softened his comments, suggesting they should think about pausing reopening plans.   Plans for a smooth return to economic activity had been going reasonably well, as evidenced by a decline in continuing claims for unemployment benefits. Continuing claims fell by more than 18 million, a drop of 698,000, indicating that many laid-off and furloughed workers are getting back to their jobs despite the ongoing pandemic.   "These are definitely good numbers," said Liz Ann Sonders, chief investment strategist at Charles Schwab, "but this is going to be a long and bumpy road."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow falls, but Nasdaq posts more gains as tech recovers Jobless claims at better-than-expected 1.3 million, total getting benefits falls to 18 million Joe Biden proposes a $700 billion-plus 'Buy American' campaign Wells Fargo tells new clients they need $1 million in balances for certain mortgage refinancings WHO warns the coronavirus is 'getting worse,' continues to accelerate Supreme Court says Manhattan DA can get Trump's tax records, but rejects bid by House Democrats Disney confident in reopening this week even as coronavirus cases reach new highs in Florida Empty Manhattan apartments reach record levels, landlords slash rent These are Jefferies' top stocks to play the second-half economic 'upswing' Walgreens swings to a quarterly loss as coronavirus drives up costs, lowers doctor visits     TOP VIDEO Mnuchin: We support another round of economic payments   CNBC PRO Mike Santoli's market notes: Tech fails to rescue, jobless claims not good, banks wheezing   SPECIAL REPORTS Gold is the 'real bitcoin': Trader sees new highs ahead for the metal The two 'key dangers' facing almost all retailers   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS