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4/30, 10:00 PM (Source: TeleTrader)
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US closes lower as virus worries trump upbeat earnings

Shares on the major United States stock market indexes ended Friday's trading session with losses as the investors struggled to shrug off the worries prompted by the coronavirus case surge in India, as well as the new COVID variant uncovered in the country, despite blowout results unveiled by major companies earlier this week. The White House confirmed that travel from India will be banned for all non-residents come May 4.

During the session, the dollar recovered most of its losses from the past four days, regaining its footing and rising by almost 1% versus both the euro and the pound.

The Dow Jones Industrial Average dropped 0.54% or 185 points as the session came to a close with Chevron sliding 3.62%. The Nasdaq 100 tumbled 0.78% at the end of the session, as DexCom surrendered 8.44%. At the closing bell, the S&P 500 was down by 0.72%. The social media giant Twitter was the worst performer on the index, with a 15.13% plunge. The euro lost 0.82% versus the dollar, selling for 1.20219 at 3:58 pm ET.

Breaking the News / BU