“And now the focus once again is on Covid-19, and investors are just selling ahead of a weekend.”The S&P 500 lost 40.15 points to 3,269.96. The Dow Jones Industrial Average fell 157.51 points, or 0.6%, to 26,501.60. The tech-heavy index is within 0.6% of a “correction,” Wall Street-speak for a decline of 10% or more from an all-time high. All four reported profit for the summer that was even better than analysts were expecting, just like the other stock in the Big Five did earlier this week. But also like Microsoft, most nevertheless fell as investors found reasons for concern within their reports.

Source: Daily Sun October 30, 2020 22:07 UTC