Stocks closed lower on Wall Street Thursday, undercut in part by a harrowing report demonstrating that earners are picking up throughout the nation together with confirmed fresh coronavirus cases.
The S&P 500 had its first loss in five times and its largest drop in almost four weeks. Tech firms had the sharpest drops following a better-than-expected gain report from Microsoft was not sufficient to meet investors anticipating more.
The S&P 500 dropped 40.36 points, or 1.2%, to 3,235.66.
The Dow Jones Industrial Average fell 353.51 points, or 1.3%, to 26,652.33.
The Nasdaq composite dropped 244.71 points, or 2.3%, to 10,461.42.
The Russell 2000 index of small business stocks inched up 0.06 points, or less than 0.1 percent, to 1,490.20.
The Nasdaq is down 41.77 points, or 0.4percent
The Russell 2000 is up 16.88 points, or 1.1%.
For the entire year:
The S&P 500 is up 4.88 points, 0.2 percent.
The Dow is down 1,886.11 points, or 6.6%.
The Nasdaq is up 1,488.81 points, or 16.6%.
The Russell 2000 is down 178.27 points, or 10.7 percent.