Losses in big technology companies drove more losses on Wall Street Friday, as the S&P 500 closed out October with its first back-to-back monthly decline since March.
The drops in several high-flying Big Tech stocks came after those companies issued uncertain outlooks for the future.
Investors have turned cautious amid a surge in coronavirus cases in the U.S. and Europe, Washington’s failure to deliver badly needed aid to the economy and uncertainty about the presidential election.
The S&P 500 lost 40.15 points, or 1.2%, to 3,269.96.
The Dow Jones Industrial Average fell 157.51 points, or 0.6%, to 26,501.60.
The Nasdaq composite gave up 274 points, or 2.5%, to 10,911.59.
The Russell 2000 small-cap index dropped 23.10 points, or 1.5%, to 1,538.48.
For the week:
The S&P 500 fell 195.43 points, or 5.6%.
The Dow lost 1,833.97 points, or 6.5%.
The Nasdaq dropped 636.69 points, or 5.5%.
The Russell 2000 gave up 102.02 points, or 6.2%.
For the year:
The S&P 500 is up 39.18 points, or 1.2%.
The Dow is down 2,036.84 points, or 7.1%.
The Nasdaq is up 1,938.99 points, or 21.6%.
The Russell 2000 is down 129.99 points, or 7.8%.