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Friday, March 29, 2024

US stocks finish worst week, month since March amid virus fears

Renewed virus fears, and uncertainty over the US election let Wall Street to its worst performance since before the pandemic.

NEW YORK: Wall Street suffered its worst week and month since March on Friday with another losing session as markets gird for the US elections amid worries over rising coronavirus cases.

Major US equities indices were in the red the entire session as both Europe and the United States passed grim new milestones on Covid-19 and Belgium became the latest European country to tighten restrictions following announcements earlier in the week by France and Germany.

Although some US economic data has been stronger of late, including a record jump in third-quarter growth released Thursday, investors are concerned about new spikes in daily coronavirus cases that have begun to strain hospitals…

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