SA: Nasdaq, S&P see their worst week since March

SEEKING ALPHA reports:

Good-not-great megacap earnings combined with jitters about the election and rising COVID cases to send stocks down across the board today.

The S&P 500 (SP500) ended off 1.2%, the Nasdaq (COMP) lost 2.5% and the Dow (DJI) was off 0.6%.

Some buying in the last half hour brought the major averages substantially off their lows to finish out the month.

The S&P ended the week down 5.6%, the biggest drop since it fell 15% the week of March 15. The broader market had been supported through October at the 3,400 area, but lost that and the 3,300 level this week. It was down about 2.8% for October.

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And this: “US & China Hold military talks to deescalate ratcheting war rhetoric“.

Friday was another bad day, with VIX remaining close to 40.