Getty Images / Spencer Platt
- Major US stock indexes slipped on Friday as coronavirus infections in the US increased to outnumber those in China.
- Investors are also digesting dire jobless-claims data and awaiting the House’s vote on the Senate’s $2 trillion stimulus bill, set to happen later Friday.
- The decline ends a three-day rebound for US equities, the first such streak of gains since mid-February.
- Watch all major indexes update live here.
Stocks plunged on Friday as coronavirus infections in the US increased to outnumber those in China for the first time.
Investors are also digesting dire jobless-claims data and awaiting the House’s vote on the Senate’s $2 trillion stimulus bill, set to happen later Friday. The decline ends a three-day rebound for US equities, the first such streak of gains since mid-February.
Here’s where the major US indexes stood at 12:10 p.m. ET market open on Friday:
- S&P 500: 2,536.20, down 3.6%
- Dow Jones industrial average: 21,696.61, down 3.8% (856 points)
- Nasdaq composite: 7,519.60, down 3.6%
Stocks have gained through much of the week on optimism about the $2 trillion stimulus bill that the Senate passed unanimously on Wednesday. The legislation calls for direct payments of $1,200 to many Americans, bolstered unemployment benefits, and hundreds of billions of dollars in loans for struggling businesses.
Brent crude oil traded roughly 9% lower on Friday, at $24.35 per barrel, tumbling further as the global price war rages on.
Gold fell less than 2%, holding on to gains made earlier in the week. The precious metal skyrocketed in Monday’s and Tuesday’s sessions after Goldman Sachs recommended clients buy the haven amid the growing market panic.
Now read more markets coverage from Markets Insider and Business Insider:
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