Wall Street fell again on Friday to close its first losing week in three after reports showed the pandemic was digging the hole for the economy, as Washington prepared to throw another lifeline on it.
Stocks of companies most in need of a healthier economy suffered some of the biggest losses. Yields on Treasuries also fell, as reports showed buyers held back spending during the holidays and felt less confident.
Stocks have run out since setting a record a week earlier on optimism that COVID-19 vaccines and other stimulus measures from Washington will bring an economic recovery.
Friday:
The S&P 500 was down 27.29, or 0.7%, to 3,768.25.
The Dow Jones Industrial Average lost 177.26, or 0.6%, to 30,814.26.
The Nasdaq composite fell 114.14, or 0.9%, to 12,998.50.
The Russell 2000 Small Business Index lost 32.15, or 1.5%, to 2,123.20.
For the week:
The S&P 500 fell 56.43 points, or 1.5%.
The Dow Jones is down 283.71 points, or 0.9%.
The Nasdaq fell 203.47 points, or 1.5%.
The Russell 2000 is up 31.54 points, or 1.5%.
For the year:
The S&P 500 is up 12.18 points, or 0.3%.
The Dow Jones is up 207.78 points, or 0.7%.
The Nasdaq is up 110.22 points, or 0.9%.
The Russell 2000 is up 148.35 points, or 7.5%.
