Stocks finished Friday lower, after swinging wildly throughout the session due to technical factors. A number of headlines also raised concern about a resurgence in the coronavirus and a slowdown in the economy's recovery.
The Dow Jones Industrials headed downward in the final hour and relinquished 208.64 points, to end the week at 25,871.46.
The S&P 500 went south 17.6 points to 3,097.74.
The NASDAQ inched forward 3.07 points to 9,946.12, for its sixth consecutive gain.
All three major averages posted modest weekly gains. The S&P 500 gained 1.8% on the week, its fourth positive week in five. The 30-stock Dow rose 1% this week, while the tech-heavy NASDAQ outperformed, rising 3.7% this week.
A slew of negative news surrounding the pandemic knocked stocks to their session lows earlier in the day.
Apple said it's re-closing a total of 11 stores in Florida, Arizona, South Carolina and North Carolina. All of the stores had been re-opened since Apple initially closed them in March amid the outbreak. Shares of the tech giant traded 0.5% lower.
Shares of cruise line operators took a leg down after the Cruise Lines International Association announced suspension of cruise operations from U.S. ports, citing the ongoing situation with the pandemic. Norwegian Cruise Line and Carnival dropped more than 5% each, while Royal Caribbean fell 6.8%.
Arizona and Florida reported record spikes in confirmed COVID-19 cases on Friday as states continue their phased reopenings and ramping up testing. Meanwhile, California on Thursday reported more than 4,000 new cases in a single day, the highest daily number ever.
Stocks benefiting from the economy reopening were also under pressure following Apple's announcement. Nordstrom dropped 6.3%, while Kohl's fell 4.7%. United Airlines slid 6.3% and Delta dropped 4.1%.
Stocks started the day with strong gains after a report by Bloomberg News said that China was set to up its purchases of U.S. farm products to comply with the phase-one trade deal. The report eased concerns about U.S.-China trade relations as the two countries exchange heated rhetoric regarding the coronavirus.
Prices for the 10-Year Treasury moved up, reducing yields to 0.69% from Thursday's 0.71%. Treasury prices and yields move in opposite directions.
Oil prices acquired 69 cents to $39.53 U.S. a barrel.
Gold prices jumped $24.10 to $1,755.20 U.S. an ounce.