Stocks Opened Sharply Lower after Three Straight Days of Gains
- Friday, March 27, 2020, 9:53
- Stock Market
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U.S. stocks opened sharply lower on Friday, as cases of the novel coronavirus continued to spiral higher. The Dow Jones Industrial Average lately fell 954.00 points, or 4.23%%, to 21,598.17. The S&P 500 declined 100.14 points, or 3.81%, to 2,529.93. The Nasdaq Composite lost 292.66 points, or 3.75%, to 7,504.88.
Oil futures edged lower Friday, as traders continued to balance optimism over a $2 trillion U.S. fiscal stimulus package against a huge drop in demand as result of the global COVID-19 pandemic. West Texas Intermediate crude for May delivery was 3 cents, or 0.1%, at $22.63 a barrel, while June Brent crude fell 23 cents, or 0.7%, to $28.42 a barrel.
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