U.S. stocks fell on Friday after President Donald Trump's coronavirus diagnosis fueled concerns about the election and a worsening pandemic.
 | FRI, OCT 02, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 113.02 | -3.77 | -3.23% | | MSFT | 206.19 | -6.27 | -2.95% | | BA | 168.08 | +0.22 | +0.13% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 113.02 | -3.77 | -3.23% | | AAL | 13.00 | +0.42 | +3.34% | | GE | 6.39 | +0.15 | +2.40% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 113.02 | -3.77 | -3.23% | | AAL | 13.00 | +0.42 | +3.34% | | TSLA | 415.09 | -33.07 | -7.38% | |
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This market is not for the faint of heart. In overnight trading, President Donald Trump's positive coronavirus diagnosis knocked down futures tied to the Dow Jones Industrial Average by more than 500 points. And by midday, the 30-stock benchmark erased all the losses and climbed back into the green. It finished the day with a 134-point loss.  The reversal was triggered by optimism for a stimulus deal in light of Trump's illness. House Speaker Nancy Pelosi signaled progress on a bill on Friday, saying more aid for the airline industry could be "imminent." Still, the president's diagnosis added another layer of uncertainty to the election, an event that was already weighing on the market and keeping traders on edge as they attempted to evaluate the possible outcomes. Meanwhile, concerns about a second wave of the virus and a slower reopening also deepened. "This October surprise raises the already high level of political uncertainty markets are dealing with as Election Day approaches," said Jeff Buchbinder, equity strategist at LPL Financial. Catch The News with Shepard Smith at 7 p.m. ET on CNBC. The nightly newscast provides deep, non-partisan coverage and perspective on the day's most important stories. |
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