US equities post weekly losses

NEW YORK: Wall Street’s major averages declined in the week as investors pored through a new wave of earnings reports while grappling with fears over the soaring coronavirus cases in the United States. For the week ending Friday, the Dow slid 0.8 percent, the S&P 500 dipped 0.3 percent, and the Nasdaq lost 1.3 percent.

The S&P U.S. Listed China 50 index, which is designed to track the performance of the 50 largest Chinese companies listed on US exchanges by total market cap, logged a weekly decline of 1.7 percent.