The DJIA was down 0.41% The S&P 500 fell 0.19% The Nasdaq Composite was down 0.07%
The market lows were led by value stocks, with real estate and consumer discretionary stocks with the biggest declines. As Tesla was set to join the S&P 500 at market close today, it reached record high of $684.74.
General Market Review
Energy
Energy stocks dropped over 1% as the demand of Covid-19 restrictions increase as cases rose to 17 million as of Thursday.
Tech
Intel fell 6.3% over reports of Microsoft designing their own server and surface PC chips, potentially weakening Intel’s chip business.
Stimulus
Senate Majority Leader, Mitch McConnell wants to propose another stopgap spending bill of two days into the weekend to work out differences over the Federal Reserve’s emergency lending powers. Republicans want to check the Fed’s lending powers, while Democrats want to give the central bank more flexibility to carry out emergency lending.
