Stock benchmarks closed lower Friday as rising COVID-19 cases raised doubts about the economic recovery, offset partly by progress toward vaccines.
The Treasury Department’s decision to allow some emergency Federal Reserve programs to expire was seen as a modest negative for markets, analysts said.
What did major benchmarks do? The Dow Jones Industrial Average DJIA fell 219.75 points, or 0.8%, to close at 29,263.48. The S&P 500 SPX dropped 24.33 points, or 0.7%, to finish at 3,557.54. The Nasdaq Composite Index COMP reversed early gains to close at 11,854.97, down 49.74 points or 0.4%.
Stocks eked out gains in a choppy trading session on Thursday. For the week:
The Dow booked a 0.7% loss. The S&P 500 fell 0.8%. The Nasdaq gained 0.2%. The