U.S. stocks end on a strong note but this week was the worst since the March selloff.
Wall Street may have celebrated the U.S. market indexes closing higher today but the DJIA, Nasdaq, and S&P 500 all suffered the largest weekly percentage drop since March.
On Thursday, the indication from the Federal Reserve stating that COVID-19 cases in the U.S. are on the rise again put a damper on investors looking for an economic rebound. Pessimistic investor sentiment crept in, causing a 6% drop in the S&P 500.
On Friday, investors who perceived Thursday’s drop as an opportunity came into the market on a buying spree, with the technology and financial sectors leading the way.
Here are the numbers to end the week:
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