U.S. stock benchmarks skidded sharply lower Friday, adding to losses after Texas, one of the coronavirus hot spots, further tightened social-distancing rules in the state, highlighting worries about a resurgence in the viral outbreak. Investors were also paring the results of the stress test of the nation’s biggest banks which were released late Thursday.
How are benchmarks performing?
The Dow Jones Industrial Average DJIA, -2.05% traded 592 points, or 2.2%, lower at about 25,174; the S&P 500 index SPX, -1.62% retreated 58 points, or 1.9%, at 3,026, with the S&P’s financial sector SP500.40, -3.81% was sinking 3.4%, while the energy sector SP500.10, -3.28% was 3.2% lower.
