Dow Jones And S&P 500 Close At Record Highs As Service Sector Rebounds

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The Dow Jones Industrial Average and the S&P 500 hit fresh peaks as the economy showed signs of recovery from the coronavirus pandemic, including in the hard-hit services sector that accounts for two-thirds of gross domestic product in the U.S.

Stocks rallied to fresh peaks Monday as the economy showed signs of recovery from the coronavirus pandemic, including in the hard-hit services sector that accounts for two-thirds of gross domestic product in the U.S.... [+]

United States, Oct. 30, 2020. U.S. stocks closed lower on Friday, as a pronounced slide in tech sector weighed on the market. The Dow Jones Industrial Average fell 157.51 points, or 0.59 percent, to 26,501.60. The S&P 500 was down 40.15 points, or 1.21 percent, to 3,269.96. The Nasdaq Composite Index shed 274.00 points, or 2.45 percent, to 10,911.59. The Dow Jones Industrial Average rose 1.1% to a record 33,527, while the S&P 500 was up 1.4% to a record 4,077.

 

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