Date: 2025-07-03 Page is: DBtxt003.php txt00019787
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CNBC Evening Brief
CNBC Evening Brief October 30th 2020 ... Stocks sell off once again | Worst week on Wall Street since March | U.S. election looms
Peter Burgess
CNBC Evening Brief
4:24 PM (13 minutes ago) to me
EVENING BRIEF EDITOR'S NOTE
Wall Street ended the week, and the month, down and battered. The Dow Jones Industrial Average closed more than 150 points, or 0.6%, lower Friday. At one point, the Dow was down more than 500 points. The S&P 500 and Nasdaq Composite lost 1.2% and 2.5%, respectively. Stocks were pressured by declines in major tech names. Facebook, Amazon, Apple and Twitter all fell on the back of mixed results for the previous quarter. Those drops led the major averages to their worst weekly performance since March. The Dow retreated more than 6% for the week and the S&P 500 slid 5.6%. The Nasdaq also lost more than 5% over that time period. Alternate text “The usual market demons are back: COVID cases have returned to all-time highs, Europe is locking down again, and a vaccine remains crucial but elusive,” Lindsey Bell, chief investment strategist at Ally Invest, wrote in a note. “Combined with a political landscape devoid of stimulus but rife with election worry, it’s enough to spook even the steadiest of markets.” Friday’s session also marked the end of a downbeat month on Wall Street. The Dow, S&P 500 and Nasdaq all closed lower for October. It was their first consecutive monthly decline since February and March. 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. Fred Imbert | CNBC Markets Reporter @foimbert TOP NEWS Dow closes more than 150 points lower as Wall Street posts its worst one-week sell-off since March McConnell expects coronavirus stimulus in 2021, while Pelosi and Trump push for a deal sooner U.S. reports record 88,521 new Covid cases as scientists warn of 'exponential growth' Here are the states Trump and Biden will visit in the final days of the election Wall Street sees a long-awaited rotation into value stocks if Biden wins — Here's how to play it Tech stocks suffer a big sell-off after earnings fail to impress Wall Street Cruise stocks rise after CDC lifts no-sail order, clears industry to plan return Steve Cohen officially owns the New York Mets after MLB approves deal Facebook stops recommending new groups ahead of U.S. election, limits QAnon content Cramer reveals the one tech stock to own if you could only buy one of them TOP VIDEO Image Gwyneth Paltrow makes investment in cannabis-infused beverage company CNBC PRO Here's what top Wall Street analysts had to say about Facebook's third-quarter results SPECIAL REPORTS Most important 2020 election misinformation threat is not coming from overseas: Facebook former security chief Alex Stamos Smaller American cities see big interest from urban flight Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS DJIA 26501.60 -0.59% -157.51 S&P 500 3269.96 -1.21% -40.15 NASDAQ 10911.59 -2.45% -274.00 Most Active DOW NAME LAST CHG %CHG AAPL 108.86 -6.46 -5.60% INTC 44.28 +0.17 +0.39% MSFT 202.47 -2.25 -1.10% S&P 500 NAME LAST CHG %CHG AAPL 108.86 -6.46 -5.60% GE 7.42 +0.05 +0.68% TWTR 41.36 -11.07 -21.11% NASDAQ NAME LAST CHG %CHG AAPL 108.86 -6.46 -5.60% AMD 75.29 -2.73 -3.50% AAL 11.28 +0.12 +1.08%