U.S. stock indexes fell on Friday after data showed U.S. business activity stalled this month, and a spike in new coronavirus cases in China and elsewhere sent investors scrambling for safer assets such as gold and government bonds.
The IHS Markit's Purchasing Managers' index of services sector activity dropped to its lowest level since October 2013, signalling a contraction for the first time since 2016.
The manufacturing sector also clocked its lowest reading since August.
Declines today were led by heavyweights Microsoft Corp, Amazon.com Inc and Apple Inc for a second straight day.
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