Stock market sell-off: The Dow fell 150 points today despite a late rally by skleb1234
The Dow Jones Industrial Average finished down 0.6%, over 150 points, on Friday, while the S&P 500 fell 0.8% and the tech-heavy Nasdaq Composite lost 1.3%.last month and the unemployment rate fell to 8.4%, according to the Labor Department.steep sell-offAt the market’s low point on Friday, the Dow fell by as much as 628 points, while the S&P 500 and Nasdaq plunged over 3% and 5%, respectively.
Stocks rebounded late in the afternoon, however, as some investors appeared to buy the dip in beaten-down parts of the market. While there was a continued rotation out of tech stocks, shares of companies that would benefit from a reopening of the economy—including banks, cruise operators, airlines and some retailers—led the comeback on Friday.Shares of both Apple and Tesla, which plunged by over 8% in the previous session, moved slightly higher on Friday—after both companies completed stock splits earlier this week.
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