- Associated Press - Friday, October 30, 2020

Losses in big technology companies drove more losses on Wall Street Friday, as the S&P; 500 closed out October with its first back-to-back monthly decline since March.

The drops in several high-flying Big Tech stocks came after those companies issued uncertain outlooks for the future.

Investors have turned cautious amid a surge in coronavirus cases in the U.S. and Europe, Washington’s failure to deliver badly needed aid to the economy and uncertainty about the presidential election.

On Friday:

The S&P; 500 lost 40.15 points, or 1.2%, to 3,269.96.



The Dow Jones Industrial Average fell 157.51 points, or 0.6%, to 26,501.60.

The Nasdaq composite gave up 274 points, or 2.5%, to 10,911.59.

The Russell 2000 small-cap index dropped 23.10 points, or 1.5%, to 1,538.48.

For the week:

The S&P; 500 fell 195.43 points, or 5.6%.

The Dow lost 1,833.97 points, or 6.5%.

The Nasdaq dropped 636.69 points, or 5.5%.

The Russell 2000 gave up 102.02 points, or 6.2%.

For the year:

The S&P; 500 is up 39.18 points, or 1.2%.

The Dow is down 2,036.84 points, or 7.1%.

The Nasdaq is up 1,938.99 points, or 21.6%.

The Russell 2000 is down 129.99 points, or 7.8%.

Sign up for Daily Newsletters

Manage Newsletters

Copyright © 2020 The Washington Times, LLC.

Please read our comment policy before commenting.

 

Click to Read More and View Comments

Click to Hide