Saturday, 25 Jul 2020 07:52 AM MYT
“There's a skittishness ahead of the weekend after yesterday's tech and growth sell-off,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina. “With the rally we've seen so far in July, it makes sense to see anxiety ahead of a huge earnings week, the Fed decision and what's likely to be the worst GDP in our lifetimes,” Detrick added.
The Dow Jones Industrial Average fell 182.44 points, or 0.68 per cent, to 26,469.89, the S&P 500 lost 20.03 points, or 0.62 per cent, to 3,215.63 and the Nasdaq Composite dropped 98.24 points, or 0.94 per cent, to 10,363.18.
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