The U.S. stock market declined last week, as the negotiations over a new Covid-19 relief package ran into a setback.
Wall Street’s major indices finished mixed on Friday. The Dow Jones Industrial Average gained 0.2%, while the S&P 500 Index declined by 0.1%, and the Nasdaq Composite Index ended 0.2% lower. For the week, the Dow fell 0.6%, the S&P 500 dropped 1%, and the Nasdaq finished 0.7% lower.
The CBOE VIX Volatility Index, commonly known as the VIX, rose 3.5% on Friday to settle at 23.31 on a scale of 1-100 where 20 represents the historical average. For the week, the so-called “fear index” rose 12.1%.
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