U.S. stocks closed lower on Friday as news that U.S. President Donald Trump tested positive for COVID-19 put investors in a risk-off mood and added to mounting uncertainties surrounding the looming election.
Tech shares weighed heaviest on the indexes, but the blue-chip Dow’s losses were mitigated by gains in economically sensitive cyclical stocks.
Unofficially, the Dow Jones Industrial Average fell 133.56 points, or 0.48%, to 27,683.34, the S&P 500 lost 32.3 points, or 0.96%, to 3,348.5 and the Nasdaq Composite dropped 251.49 points, or 2.22%, to 11,075.02.
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