Dow Ends Strong Week on a Sour Note

Index falls more than 900 points
By Newser Editors,  Newser Staff
Posted Mar 27, 2020 3:04 PM CDT
Dow Ends Strong Week on a Sour Note
Jay Woods, who normally works on the New York Stock Exchange trading floor, works in his home office in Basking Ridge, N.J., Thursday, March 26, 2020. The floor continues to be closed to traders.   (Shannon Woods/Courtesy Jay Woods via AP)

The markets couldn't manage a four-day rally. Despite the passage in the House of a massive stimulus passage, the major US markets closed very much in the red on Friday, per MarketWatch. The declines gave back some of the gains made in the near-historic three-day surge ending Thursday. On Friday, the Dow fell 915 points, or 4%, to close at 21,636; the S&P 500 fell 88 points, or 3%, to 2,541; and the Nasdaq fell 295 points, nearly 4%, to 7,502. Volatility remained the day's buzzword. "Underlying all this is how do we get this virus under control," Neil Hennessy of Hennessy Funds tells the Wall Street Journal. "Once we have it under control or it peaks, subsides, whatever, then the market will be back on its legs." (Read more stock market stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.