Market Fall Continues Into Weekend – Daily Financial News Summary for Friday, September 18, 2020

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The three major New York stock exchanges saw another decrease today, with the NASDAQ falling a total of 116.99, the Dow Jones 244.56, and the S&P 500 37.54. With the second straight day of decreasing stocks for all three New York exchanges, it’s difficult to say what the new week may bring.

The NASDAQ closed at 10,793.28 after hitting a daily high of 10,977.68 and a daily low of 10,639.95. This represents a one day decrease of 1.07%. When looking at the five-day numbers we see a decrease of 0.56% while the one month number shows a decrease of 3.72%. Over three months, however, they’ve seen an increase of 8.52% with a 20.29% increase year-to-date.

Some of the highest earners for the NASDAQ going into the weekend included 10X Genomics Inc. (TXG), 1st Constitution Bancorp. (FCCY), 21 Vianet Group Inc. (VNET), 360 DigiTech Inc. (QFIN), and 89 BioInc.  (ETNB). Their highest losers included Property Insurance Holdings Inc. (PIH), 1Life Healthcare Inc. (ONEM), 1st Source Corp. (SRCE), and 2U Inc. (TWOU).

The Dow Jones closed at 27,657.42 after hitting a daily high of 27,946.69 and a daily low of 27,487.97. This represents a one day decrease of 0.88%. When looking at the five-day numbers we see a decrease of 0.03%, while the one month number shows a decrease of 0.43%. Over three months, however, they’ve seen an increase of 6.90% with a 3.09% decrease year-to-date.

Some of the highest earners for the Dow Jones going into the weekend included McDonald’s Corp (MCD), Dow Inc. (DOW), Nike Inc. (NKE), Walmart Inc. (WMT), and Boeing Co. (BA. The highest losers included Home Depot Inc. (HD), Verizon Communications Inc. (VZ), Chevron Corp (CVX), Merck & Co. Inc. (MRK), and JPMorgan Chase & Co. (JPM).

The S&P 500 closed at 3,319.47 after hitting a daily high of 3,357.01 and a daily low of 3,318.56. This represents a one day decrease of 1.12%. When looking at the five-day numbers we see a decrease of 0.64% while the one month number shows a decrease of 2.07%. Over three months, however, they’ve seen an increase of 7.16% with a 2.75% increase year-to-date.

Some of the highest earners for the S&P 500 going into the weekend included APTIV (APTV), Dollar General (DG), AKAMAI (AKAM), Becton, Dickson & Co. (BD), and Activision Blizzard (ATVI). The highest losers included Waters Corp. (WAT), DTE Energy (DTE), Marriott (MAR), Royal Caribbean Cruises (RCL), and Incyte (INCY).

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