Jill Goldsmith Stocks acclerated their downward trajectory Friday as the coronavirus ratcheted up with media shares following the market lower.The DJIA closed out the week down a hefty 730 points, or 2.8% in Friday’s session.
The S&P 500 and Nasdaq dropped, respectively, 2.4% and 2.6% for the day.Exhibitors lost more ground with the summer release schedule again in flux and states including New York balking at opening movie theaters as a resurgence of COVID-19 cases in some parts of the country have investors and the nation on edge.
Texas and Florida ordered bars closed and Texas placed new restrictions on other businesses. California’s governor reinstated restrictions in the state’s worst hit county – Imperial County near San Diego..
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