An early gain evaporates on Wall Street

NEW YORK • An early gain on Wall Street evaporated by mid-morning Thursday, despite better economic news. Miners and other materials companies rose in early trading after news that China’s trade rebounded in July, signaling the end of a six-month slowdown for the world’s second-largest economy. Also, the U.S. government reported that a measure of unemployment sank to its lowest level in more than five years. The Standard & Poor’s 500 index was down two points, or 0.1 percent, to 1,689. Telecommu...

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