After a big drop on Thursday, stocks fell Friday, leaving the S&P 500 stock index down 4.3 percent since Wednesday, when it hit the latest in a series of highs. The tech-heavy Nasdaq composite has fallen 6.17 percent since its peak on Wednesday — its worst two-day performance since March. Over the two days, Apple was down nearly 10 percent — and that’s after it was up slightly on Friday. The two-day tumble also hit Google’s parent company, Alphabet (down 7.9 percent), Microsoft (7.5 percent) and Amazon (6.7 percent). It could have been worse: The S&P 500 was down as much as 3 percent on Friday morning, but rallied in the afternoon and finished down just 0.8 percent.

Source: New York Times September 04, 2020 22:18 UTC