Wall Street posts third week of declines as tech slide drags on
U.S. stocks fell on Friday as technology shares sold off for a third day in a row, while all three major U.S. indexes posted a third straight week of declines.
It was the Nasdaq’s first such weekly streak since August 2019, and S&P 500 and Dow’s first since early October 2019.
The Dow Jones Industrial Average .DJI fell 244.56 points, or 0.88%, to 27,657.42, the S&P 500 .SPX lost 37.54 points, or 1.12%, to 3,319.47 and the Nasdaq Composite .IXIC dropped 117.00 points, or 1.07%, to10,793.28.
The Dow ended just barely lower on the week, while the S&P 500 fell 0.7% and the Nasdaq dropped 0.6% for the week.
Investors kept a close eye on rising coronavirus cases overseas. European countries from Denmark to Greece announced new restrictions on Friday to curb surging coronavirus infections in some of their largest cities, while Britain was reported to be considering a new national lockdown.
Reference: Reuters, CNBC
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