Finance

What happened to the stock market Friday: 3-week winning streak snapped

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Traders with masks work on the first day of in-person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020.

Brendan McDermid | Reuters

Dow Jones Industrial Average rises 477 points

3-week winning streak snapped

The major averages posted their first weekly declines in four as rising concerns over a possible coronavirus resurgence spooked the recently soaring market. The Dow ended the week down 5.55% while the S&P 500 dropped 4.78%. The Nasdaq posted a weekly loss of 2.30%. Those losses marked Wall Street’s worst one-week performance since March 20, when they all plunged at least…



Source cnbc.com

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