U.S. stock markets closed lower on Friday, reversing gains from the previous day as COVID-19 cases continued to mount across the United States and Europe. Moreover, investors also remained in the sidelines ahead of the upcoming presidential election on Nov 3. All three major stock indexes ended the day in red.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) plunged 0.6%, or 157.5 points, closing at 26,501.60, reversing its gains from Thursday. Notably, 17 components of the 30-stock index ended in red while 13 finished the day in green. The blue-chip index is 7.1% below to become