Weekly Comic: Stocks Fall For Third Straight Week As Fed Outlook Rattles Wall St.

Weekly Comic: Stocks Fall For Third Straight Week As Fed Outlook Rattles Wall St.

Investing.com - Financial Markets Worldwide

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Economy7 hours ago (Sep 19, 2020 05:58AM ET)

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 declined 244 points, or 0.9%, to 27,657.

The dropped 1.1% to end at 3,319, while the also fell 1.1%, closing at 10,793.

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:), Amazon (NASDAQ:), Microsoft (NASDAQ:), Google (NASDAQ:), Facebook (NASDAQ:), and Netflix (NASDAQ:), 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

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