Wall Street Gives Up Early Gains and Finish the Week with Losses

The main indices of the New York Stock Exchange (NYSE) finished lower on Friday, registering a weekly decline but maintaining monthly gains in July, with Wall Street investors worried about the spread of Coronavirus Delta variant, despite the positive earnings reports by some of the market’s major listed companies.

The Dow Jones Industrial Average lost 149.06 points, or 0.4%, to close at 34,935.47 points, losing 0.4% on the weekly basis and adding 1.3% for the months.

Earlier in the session, the Dow touched an intraday record high above 35,106.

The S&P 500 index finished lower by 23.89 points, or 0.5%, at 4,395.26 points, declining by 0.4% for the week but leveling up by 2.3% in July. The index, which finished the first session of the week at a new record high, managed to maintain a rising trend for six consecutive months for the first time since 2018.

Meanwhile, the Nasdaq Composite Index closed down by 105.59 points, or 0.7%, at 14,672.68 points, extending its weekly loss to 1.1% and narrowing its monthly gains to 1.2%.