US stocks trending higher hours before Friday's opening bell
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U.S. equity futures were trading higher early Friday morning as money managers say there is uncertainty surrounding the future pace of the U.S. economic recovery, especially with the continuing threat of rising Covid-19 cases and hospitalizations in many states.
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Investors are assessing the pace of economic growth amid worries that the rapid spread of the coronavirus delta variant will dampen consumer confidence and spending.
In New York, the S&P 500 fell 0.5%, its fourth straight drop, to 4,493.28. The Nasdaq pulled back 0.3%, to 15,248.25.
The Dow Jones Industrial Average fell 0.4% to 34,879.38.
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Small company stocks fared better than the broader market. The Russell 2000 index gave up 0.60 points, or less than 0.1%, to 2,249.13.