Markets head for fourth week of losses

U.S. stock markets on Friday slid, heading for their fourth consecutive week of losses as COVID-19 cases began ticking up again.

The Dow Jones Industrial Average opened down 140 points, or 0.5 percent, while the S&P 500 slid 8 points, or 0.3 percent.

After breaking new records in the first days of the month, markets have retreated significantly.

Talks in Congress over trillions in new COVID relief floundered, though Speaker Nancy Pelosi (D-Calif.) injected new hopes by announcing on Thursday that House Democrats would draw up a more limited bill.

Still, Republicans want to pay out roughly $1 trillion less than Democrats, and the prospects for a deal remain in the air.


Tags Coronavirus COVID-19 Nancy Pelosi Stock market Wall Street

Copyright 2023 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Regular the hill posts

See all Hill.TV See all Video

main area bottom custom html

MAIN Area bottom

Main area bottom

Top Stories

See All

Most Popular

Load more