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Signs emerge that US recovery is faltering

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Stocks fell sharply in the US on Thursday, as surging Covid19 case numbers began to make their mark on the nations economic recovery. Jobless claimant figures reported by the Labor Department showed initial jobless claims rose weekoverweek, the first increase since March. Tech names fell furthest on Thursday, as while many are clear beneficiaries from consumers and workers being forced to live virtually, they have also been at the forefront of the recent market rally.