Investors are shaking their heads after one of the worst weeks on Wall Street in 2020.
On Friday, the Dow Jones Industrial Average fell 157.51 points, or 0.59, to a total of 26,501.60. The market rallied at the end of the day after reaching a low of 26,143.77 points around 11 a.m.
Since Monday, the Dow Jones has fallen from 28,185.82, a loss of 1,684.22 points. The Dow dropped by 6.5 percent over the course of the week. This marks the market’s worst weekly performance since March.
The Nasdaq Composite had an even larger percentage drop, falling 2.45 percent on Friday. The Nasdaq lost 274 points, falling to 10,911.59 points.
The Nasdaq has roller-coastered over the last week, dropping from a high of around 11,528.74 on Monday before hitting a peak around 1:30 p.m. that day and ending at 11,363.66 at the close of market. Tuesday remained steady until the market plummeted on Wednesday by more than 350 points. It picked up before falling again on Friday, hitting a low of 10,822.57 points.
This week also marked the Nasdaq’s worst one-week performance since March with a loss of more than five percent.
Friday also saw a loss of 1.21 percent for the S&P 500, which fell 40.15 points to 3,269.96. Across the week, the S&P 500 saw a drop of 5.6 percent.
On Friday, Walmart saw its stock drop 0.82 percent, or $1.17 per share. It ended the day at $138.75 per share. J.B. Hunt Transport Services also had a minor decline, falling 0.49 percent to $121.74 per share. Tyson Foods saw a slight dip, losing 0.017 percent of its value or $0.010, ending the day at $57.23 per share.
Murphy USA Inc. had a greater percentage decline, posting a 2.68 percent loss. The company dropped $3.37 to $122.29 per share. Dillards had a similar percentage decline with a 2.17 percent loss. The clothing retailer saw its stock drop $0.99 to $44.73 per share.
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