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Jan 29, 2021 22:57 GMTFXStreet News
Major US bourses dropped on Friday as investors fret about the fall-out of the recent retail trader induced frenzy on financial stability.
The S&P 500 and Dow both erased their gains for the year.
It was an ugly finish to the week on Wall Street with all three major indices dropping and no sector spared from the selling pressure; the S&P 500 dropped back to the 3700 mark, down 1.9% on the day and 3.3% no the week, the Dow Jones Industrial Average dropped back to the 30,000 level, also down 1.9% on the day and 3.3% on the week, while the Nasdaq 100 dropped 2.1% to back below 13,000, down 3.5% on the week. Friday’s sell off saw the S&P 500 and Dow both erase their annual gains; on the year, the S&P 500 is now down 1.1%, the Dow is down 2.0%, while the Nasdaq 100 still clings on in positive territory. ....

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