An Unwanted Streak Continues for S&P

Index falls for the third consecutive week
By Newser Editors,  Newser Staff
Posted Sep 18, 2020 3:06 PM CDT
An Unwanted Streak Continues for S&P
The icon for TikTok. Oracle's stock dropped Friday on news that the US would block downloads of the social media app starting Sunday. Oracle is in talks to buy a stake in the Chinese-owned app.   (AP Photo/File)

The stock market fell again on Friday as investors continued to lose their mojo in September. The benchmark S&P 500 declined for the third straight week, per the Wall Street Journal. The index fell 37 points to 3,319, while the Dow fell 244 points to 27,657, and the Nasdaq dropped 116 points to 10,793. The day closes a "zigzag" week of trading in which a move by the Fed to keep interest rates low was apparently seen as not aggressive enough, reports the AP. The lack of any action on a relief package in Congress also wasn't helping. “To the extent that you don’t get an additional fiscal cushion, the economy is going to be impacted by it,” says Brian Levitt of Invesco. (More stock market stories.)

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.