The Dow fell 100 points today as the U.S. hits a record number of new coronavirus cases by skleb1234
The market moved lower on Friday, as investors digested mixed economic data and stocks took a hit from yet another daily record spike in new U.S. coronavirus cases.The Dow Jones Industrial Average was down 0.4%, over 100 points, on Friday, while the S&P 500 fell 0.1% and the tech-heavy Nasdaq Composite lost 0.3%., according to data from the Commerce Department, with construction of U.S. homes jumping 17% as some states reopened last month.
Tech stocks have lagged recently, dragging the Nasdaq lower, with shares of companies like Amazon, Microsoft and Facebook all down for the week.: “Growth is slowing as consumers get through the initial shock of Covid and social restrictions,” the company said. While the market is on track to finish the week higher, recent gains have come amid a backdrop of surging coronavirus infections across the country: The U.S. reported a new daily record of
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow falls 100 points, Netflix drops 7% to lead tech lowerStocks slipped Friday as a sharp decline in Netflix shares pressured the rest of the market to end the week.
Read more »
Dow Falls 150 Points After Another 1.3 Million Americans File For UnemploymentStocks fell as major banks continued to report earnings.
Read more »
Dow Falls 150 Points After Another 1.3 Million Americans File For UnemploymentThe Dow fell 150 points today after another 1.3 million Americans filed for unemployment by skleb1234
Read more »
Dow futures fall more than 200 points after weaker-than-expected jobs dataU.S. stock futures pulled back early Thursday, with investors focused on earnings results and sharp losses in Asia shares overnight.
Read more »
Dow Jumps Over 200 Points After Moderna’s Coronavirus Vaccine NewsI am a New York—based reporter for Forbes covering breaking news, with a focus on financial topics. Previously, I wrote about investing for Money Magazine and was an intern at Forbes in 2015 and 2016. I graduated from the University of St Andrews in 2018, majoring in International Relations and Modern History. Follow me on Twitter skleb1234 or email me at sklebnikovforbes.com
Read more »
Dow closes more than 200 points higher after Fed's Beige BookU.S. stocks finished higher on Wednesday as corporate earnings came in better than expected and positive developments around a COVID-19 vaccine helped to buoy investor sentiment, despite the U.S. notching a record tally of new COVID-19 cases.
Read more »