Dow Jones Industrial Average falls 182 points

The Dow dropped 182.44 points, or 0.68%, to 26,469.89. The S&P 500 slid 0.62% to 3,215.63. The Nasdaq Composite declined by 0.94% to 10,063.18. Stocks fell on Friday, concluding a volatile week.

Tech’s struggles lead to weekly losses for indexes

Facebook shares slid 0.81% on Friday and Alphabet declined by 0.56%. MicrosoftTesla and Apple also ended the session lower. These stocks also posted weekly losses, which translated into declines for the major averages this week. The S&P 500 slid 0.28% for the week, snapping a three-week winning streak. The Dow fell for the first time in four weeks as well. The Nasdaq fell 1.33% this week, logging in its first back-to-back weekly declines since May.

Gold rallies to record

Uncertainty around the coronavirus and the rising U.S.-China tensions pushed gold prices to an all-time closing high. The precious metal settled at $1,897.50 per ounce.

SOURCE : https://www.cnbc.com/2020/07/24/what-happened-to-the-stock-market-friday-techs-struggles-lead-to-weekly-losses-on-wall-street.html