Rising COVID-19 infection rates and the possibility of a return on reopening restrictions rattled investors as U.S. stocks dropped Friday.
The S&P 500 fell 1.9% to 3,023.49, while the Dow Jones Industrial Average slumped 2.3% to 25,148.07.
The Nasdaq was off 1.9% to 9,821.12.
Crude oil fell 1.7% to $38.07.
Gold rose 0.6% to $1,781.40.
The yield on a 10-year Treasury slid 5.6% to 0.64%.
TECHNOLOGY
CoreLogic Inc. (NYSE: CLGX) shares surged 25.4% to $66.39 after Cannae Holdings Inc. and Senator Investment Group LP put in a bid for the Irvine-based company of $65 a share. The offer reflects a nearly 23% premium over CoreLogic’s Thursday closing price. The company had a recent market capitalization of $5.3 billion. Â
FINANCE
First American Financial Corp. (NYSE: FAF), with a market cap of $5.2 billion, was down 2.3% to $46.97. The Santa Ana title insurance provider was trading at about a third of its average daily volume.
