Share benchmarks edged lower Friday, putting the S&P 500 on course for a fourth straight week of losses.
The S&P 500 slipped 0.3% in the opening minutes of New York trading. The index is down more than 2.4% so far this week. The tech-heavy Nasdaq Composite wavered added 0.2%, while the Dow Jones Industrial Average dropped 0.4%.
Investors’ confidence has been crimped by elevated levels of new coronavirus infections in the U.S. and Europe, as well as some signs that the global economic recovery is slow and uneven. The uncertainty and political risks generated by November’s presidential election is also adding to the jitteriness in markets.