Stocks were down in premarket trading, leaving the Dow Jones Industrial Average poised to post its worst week in seven months.

Investors are digesting a slew of earnings reports from big tech names like Alphabet (ticker: GOOGL), Apple (AAPL), and Facebook (FB), while also contending with grim news about the pandemic. New coronavirus cases in the U.S. reached a record high, prompting a new wave of lockdowns in El Paso, Texas, and other parts of the country to slow the virus’s spread.

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