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Stock market ends Friday trade mostly lower on signs of rising coronavirus cases but indexes book sharp weekly gains

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U.S. stock indexes on Friday gave up strong early gains to close mostly lower on the session, after the WHO signaled that the coronavirus pandemic remains a deadly threat, and Apple said it will re-close nearly a dozen stores due to rising case counts.

U.S. stock indexes on Friday gave up strong early gains to close mostly lower on the session, after the World Health Organization signaled that the coronavirus pandemic remains a deadly threat, and Apple said it will re-close nearly a dozen stores due to rising case counts. The Dow Jones Industrial Average DJIA, -0.80% finished 207 points, or 0.8%, lower at 25,871, the S&P 500 index SPX, -0.56% closed 0.6% lower at 3,098, while the Nasdaq Composite Index COMP, +0.

riday marked quadruple witching, which occurs on the third Friday of the month in March, June, September and December and can cause higher volumes and volatility as single-stock options, single-stock futures, and stock-index options and stock-futures all expire. In corporate news, Shares of Norwegian Cruise Line Holdings NCLH, -5.64%, Carnival Corp. CCL, -5.26%, and Royal Caribbean Cruises RCL, -6.

 

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