Major U.S. stock indexes fell more than 3% on Wall Street Friday, giving back part of the gains they piled up over the past three days. A rally this week pushed the S&P 500 up 10% as traders became hopeful that a $2 trillion relief bill would ease the severe economic damage being caused by shutdowns related to the coronavirus. The House passed the bill Friday afternoon and President Donald Trump was due to sign it later in the day. Even after the rally this week the market is down 25% from the peak it reached a month ago.
The S&P 500 index fell 88.60 points, or 3.4%, to 2,541.47.
The Dow Jones Industrial Average fell 915.39 points, or 4.1%, to 21,636.78.
The Nasdaq fell 295.16 points, or 3.8%, to 7,502.38.
The Russell 2000 index of smaller company stocks fell 48.33 points, or 4.1%, to 1,131.99.
For the week:
The S&P 500 rose 236.55 points, or 10.3%.
The Dow rose 2,462.80 points, or 12.8%.
The Nasdaq rose 622.86 points, or 9.1%
The Russell 2000 rose 118.10 points, or 11.7%.
For the year:
The S&P 500 is down 689.31 points, or 21.3%.
The Dow is down 6,901.66 points, or 24.2%.
The Nasdaq is down 1,470.23 points, or 16.4%
The Russell 2000 is down 536.48 points, or 32.2%.