Friday, 03 July 2020
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Stocks end lower, post weekly loss, as coronavirus spread fans fears of global slowdown

Stocks ended broadly lower Friday, leaving major indexes with weekly losses. Analysts tied weakness to worries about the spread of COVID-19 outside China and the potential impact on global economic growth and supply chains.

The Dow Jones Industrial Average fell around 227 points, or 0.8%, to end near 28,993, according to preliminary figures, while the S&P 500 lost around 36 points, or 1.1%, to finish near 3,338. The Nasdaq Composite dropped around 174 points, or 1.8%, ending near 9,577.

That left the Dow with a 1.4% weekly decline, while the S&P 500 retreated 1.3%. The Nasdaq logged a 1.6% weekly fall.

Source : MarketWatch

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