Wall Street ended Friday's session still flat after another volatile trading day. Market sentiment remained uneasy as coronavirus cases continue to rise in states like Arizona, Florida and Texas, soaring existing optimism towards an economic rebound in the next quarter. Major benchmarks started the day with gains, with the market taking a dive following Apple's
However, market benchmarks were still able to end the week with gains. The Nasdaq outperformed and was mostly spare from this week's ebb-and-flow market. The tech-heavy index end the choppy week with 3.7% gains. The S&P 500 and Dow were more affected by the volatility, but managed to increase 1.8% and 1%, respectively.
Here's how the market closed out the week:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, "reopening" trades continue to suffer. AMC Entertainment
In Stock Sector News, industries ended Friday's session mostly lower as market sentiment become more pessimistic toward future growth. The only sector that had performance gains was Health Care increasing +0.87%. The rest of the negative performance was as follows: Utilities -3.10%, Energy -1.68%, Industrials -1.27%, Real Estate -1.03%, Information Technology -0.76%, Financials -0.67%, Consumer Staples -0.64%, Consumer Discretionary -0.45%, Communication Services -0.32% and Materials -0.31%.
In Commodity and Currency News, United States crude futures broke above $40 during Friday's session, a big milestone since the commodity's crash below $0 back in April. However, the rate didn't last, with West Texas Intermediate
For Monday, investors will be keeping a trained eye on coronavirus case increases in some states. Data for the Chicago Fed National Activity Index and existing home sales is also scheduled to be released.