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Wall Street Opens up but Pressure Still on Hyped Growth Stocks ; Dow up 130 Pts -Breaking

by Mike Robinson

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© Reuters.

Geoffrey Smith 

Investing.com — U.S. stock markets opened higher on Monday, after falling last week for the first time in six weeks.

The index had increased 130 points (or 0.4%) at 36,230 by 9:40 am ET (1440 GMT). It was 0.3% higher than the 0.4%.

But, there were still areas of weakness, especially in long-duration stocks, which had been the recipients of much of the new age hype that accompanied the outbreak. Oatly (NASDAQ :), a fake milk company, fell 20% in the same week as Beyond Meat (NASDAQ :). It posted disappointing earnings and said it could have to destock some stock because of quality issues. 

 

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