Stocks slide from records as wait continues for Congress

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Wall Street capped a solid week of gains on a down note Friday as the wait drags on to see if Congress can reach a deal to send more cash to struggling workers and businesses.

The Standard & Poor’s 500 fell 0.4%, a day after it and other major indexes returned to record heights. The decline ended a winning streak for the benchmark index at three days, but it still notched a 1.3% weekly gain that more than made up its prior week’s loss.

The S&P 500 index fell 13.07 points to 3,709.41. The Dow Jones industrial average lost 124.32 points, or 0.4%, to 30,179.05. The Nasdaq composite gave up 9.11 points, or 0.1%, to 12,755.64. The Russell 2000 dropped 8.06 points, or 0.4%, to 1,969.99. The rising coronavirus counts and death tolls are pushing governments around the world to bring back varying degrees of restrictions on businesses, and fear is keeping people and companies away from normal economic activity.

 

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thanks for this news

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