Los Angeles — U.S. equity markets fell on Friday during the final hours of trading after a massive three-day rally during which the Dow Jones exited its bear market.
Investors have been selling off riskier assets such as stocks amidst uncertainty over the lingering economic impact of the coronavirus.
The Dow Jones dropped 915 points or 4.1%, while the S&P 500 and the Nasdaq Composite dropped 3.4% and 3.79% respectively.
Despite this, the major averages still posted strong gains for the week. The Dow rose 12.8% week to date, its biggest one-week gain since 1938. The S&P 500 gained 10.3% while the Nasdaq rose 9.1%.
