Investing.com | Sep 19, 2020 05:58
By Jesse Cohen
Investing.com - Stocks on Wall Street fell in another volatile session on Friday as the ongoing sell-off in the major technology shares dragged the major averages to their third weekly loss in a row.
The Dow Jones Industrial Average declined 244 points, or 0.9%, to 27,657.
The major averages slumped for a third straight week after the Federal Reserve pledged to keep interest rates low for a long time but gave no new hints about any further stimulus measures.
The S&P 500 lost 0.7%, the Nasdaq dropped 0.6%, while the Dow posted a small drop of about 0.1%.
Shares of the major tech companies, such as Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOGL), Facebook (NASDAQ:FB), and Netflix (NASDAQ:NFLX), continued to struggle, with each dropping around 5% this week.
For the month, all six stocks are down at least 10%, with Apple faring the worst – off 17.2%.
To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics
Written By: Investing.com
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