Weekly Droll: Stocks Fall For Third Straight Week As Fed Outlook Rattles Wall St.
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Economy12 hours in the past (Sep 19, 2020 05: 58AM ET)
By Jesse Cohen
Investing.com – Stocks on Wall Dual carriageway fell in one more volatile session on Friday as the continuing sell-off in the major abilities shares dragged the major averages to their third weekly loss in a row.
The declined 244 beneficial properties, or 0.9%, to 27,657.
The dropped 1.1% to pause at 3,319, while the additionally fell 1.1%, closing at 10,793.
One of the principal principal averages slumped for a third straight week after the Federal Reserve pledged to protect interest charges low for a truly very lengthy time but gave no modern hints about to any extent further stimulus measures.
The S&P 500 lost 0.7%, the Nasdaq dropped 0.6%, while the Dow posted a minute tumble of about 0.1%.
Shares of the major tech companies, such as Apple (NASDAQ:), Amazon (NASDAQ:), Microsoft (NASDAQ:), Google (NASDAQ:), Fb (NASDAQ:), and Netflix (NASDAQ:), continued to wrestle, with each shedding spherical 5% this week.
For the month, all six shares are down as a minimal 10%, with Apple faring the worst – off 17.2%.
To peek more of Investing.com’s weekly comics, discuss over with: http://www.investing.com/analysis/comics
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