⁍ This week has seen global coronavirus cases rise by over 500,000 for the first time.

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⁍ The S&P 500 was on track to fall over 6% this week and more than 3% in October.

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⁍ The dollar was little changed on the day and was on track for only its second weekly gain of over 1% in more than six months.

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– The stock market suffered its worst day of the year on Friday, with the Dow falling more than 400 points, the S&P falling by the same amount, and the Nasdaq dropping by more than 2%, as investors worried about the looming election and a rise in the coronavirus, Reuters reports. “There is a big sell-off in those big tech names because they didn’t live up to the hype and people are really worried about next week’s election,” said Kim Forrest, chief investment officer at Bokeh Capital Partners in Pittsburgh. On Thursday, the Dow fell more than 300 points, its biggest single-day drop since March, while the S&P and Nasdaq dropped more than 2% each. Investors were also keeping an eye on coronavirus, which has now infected more than half a million people around the world. “Many nations with high oil consumption across the world are seeing infection levels that they didn’t have even during the first wave,” said Rystad Energy’s senior oil markets analyst. “These infection levels are destined to bite oil demand, as traffic will be curbed to a minimum during the coming lockdowns.”