Friday was a fitting end to the week for the stock market, as Wall Street continued to balance worries against hopes. Earnings season continued to head toward its peak this week, and among the latest to reveal their results, toymaker Mattel (NASDAQ: MAT) fared extremely well. The same couldn't be said for Virgin Galactic Holdings (NYSE: SPCE), which lost altitude as a key Wall Street player lost some confidence in the space tourism upstart.
Stocks ended mixed Friday as lawmakers continued to negotiate on a relief package with the hope that legislation could be signed before Election Day. The Dow Jones Industrial Average finished down 28 points, or 0.1%, to 28,335, the S&P 500 was up 0.34% and the Nasdaq was down 0.37%. For the week, the Dow industrials eased 0.9%, the S&P 500 was off 0.5% and the Nasdaq Composite fell 1%.
U.S. House of Representatives Speaker Nancy Pelosi said it still was possible to get another round of COVID-19 aid before the election, but that it was up to Republican President Donald Trump to act, including talking to reluctant Senate Republicans, if he wants it. "There's been a waiting game for a stimulus package," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York.