Dow drops more than 300 points to close out another wild week

By Around the Web

(CNBC) Stocks fell on Friday to end another volatile week of trading, pressured by a spike in coronavirus-related deaths in New York while investors digested a dismal U.S. jobs report.

The Dow Jones Industrial Average slid 360.91 points, or 1.7%, to 21,052.53 in wild trading. The S&P 500 dropped 1.5% to 2,488.65. The Nasdaq Composite also pulled back 1.5% to close at 7,373.08.

New York Gov. Andrew Cuomo said deaths in the state rose by 562 in 24 hours to more than 2,900 for the biggest increase to date. Cuomo added the curve of confirmed cases “continues to go up,” noting there are now over 100,000 cases in the state.

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