U.S. stocks pulled back on Thursday, amid increasing worries about worsening coronavirus counts across the country. Markets around the world have taken a pause after galloping higher this month, at first on expectations that Washington will continue several pro-business policies following last week’s U.S. elections. More recently, encouraging early results for a potential COVID-19 vaccine have investors envisioning a global economy returning to normal.
The S&P 500 fell 35.65 points, or 1%, to 3,537.01.
The Dow Jones Industrial Average lost 317.46 points, or 1.1%, to 29,080.17
The Nasdaq composite dropped 76.84, or 0.7%, to 11,709.59
The Russell 2000 small-cap index fell 28.47 points, or 1.6%, to 1,708.47.
For the week:
The S&P 500 is up 27.57 points, or 0.8%.
The Dow is up 756.77 points, or 2.7%.
The Nasdaq is down 185.64 points, or 1.6%.
The Russell 2000 is up 64.31 points, or 3.9%.
For the year:
The S&P 500 is up 306.23 points, or 9.5%.
The Dow is up 541.73 points, or 1.9%.
The Nasdaq is up 2,736.98 points, or 30.50%.
The Russell 2000 is up 40.00 points, or 2.4%.