BUY STOCKS - Dow Jones Makes 100-point Decline as Banks Drop

Dow Jones stock index notch third straight decline

U.S. stock index gave up substantial early gains to close lower Friday after the World Health Organization flagged that the COVID-19 pandemic remains a deadly threat, and Apple said it would re-close a few stores because of rising virus cases. All three equity benchmarks still made weekly gains, though.

How did benchmarks perform?

The Dow Jones Industrial Average DJIA, – 0.80% shut 208.64 points lower, down 0.8%, at 25,871.46, in the wake of being as much as 371 points higher at an intraday top at 26,451.44. The S&P 500 list SPX, – 0.56% fell 17.60 points, or 0.6%, to close at 3,097.74, yet hit an intraday top at 3,155.53. The NASDAQ Composite Index COMP, +0.03% included 3.07 points, under 0.1%, to close at 9,946.12.

For the week, the Dow rose 1%, the S&P 500 increased by 1.9%, and the NASDAQ returned 3.7%.

 

How did other assets perform?

West Texas Intermediate U.S. crude h CLN20, +1.51% was up 2% at $39.63 a barrel on the New York Mercantile Exchange, following an OPEC checking council meeting. The item is up over 10% for the week and taking a gander at its most noteworthy close since June 8.

The greenback rose 0.2% to 97.58, as measured by the ICE U.S. Dollar list DXY, +0.24%.

In bullion trading, August gold GCM20, +1.24% on Comex rose $21.90, or 1.3%, to settle at $1,753 an ounce, the most noteworthy completion for a most-active contract since May 15 and a modest 0.9% weekly increase.

The 10-year Treasury note yield TMUBMUSD10Y, 0.699% was flat at 0.70%. Security costs move the other way of yields.

In worldwide values, the Stoxx Europe 600 record SXXP, +0.56% shut 0.6% higher, at 365.46, while the FTSE 100 list UKX, +1.10% added 1.1% to close at 6,292.60.

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