What's moving the market Friday: Dow down 270, coronavirus names fall, Uber best day ever

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4:01 am: Dow suffers first decline in 5 days, down 270 points

The Dow finished the session about 277 points lower, snapping a four-day winning streak. Still, the 30-stock benchmark rose nearly 3% on the week, boosted by solid gains in Microsoft and IBM. The S&P 500 dipped 0.5% Friday amid lingering coronavirus fears, trimming its weekly gain to 3.1%, its best weekly performance since June. Uber shares skyrocketed 9.5% to post its best day ever.— Li

3:20 pm: Casper shares fall below its IPO price on second day of trading

Shares of Casper plunged about 16% to $11.34 in afternoon trading, dipping below its IPO price of $12 per share. In its market debut on Thursday, the online mattress maker’s stock opened at $14.50, surged as much as 30% to a high of $15.85, and closed at $13.50. Casper is facing scrutiny for still losing money. In the nine months ended Sept. 30, Casper reported a net loss of $67.3 million on revenue of $312.3 million. While revenue increased 20% year over year, its losses widened about 5%. — Li

2:56 pm: Final hour of trading: Stocks fall, but headed for big weekly gains

With roughly one hour of trading left in the session, the Dow is down more than 250 points and is on pace to snap a four-day winning streak along with the S&P 500 and Nasdaq. Still, the major averages were headed for solid weekly gains. The S&P 500 is still up more than 3% week to date, on pace for its biggest weekly increase since June. —Imbert

2:18 pm: Citi Chief Strategist Levkovich worried about investor euphoria

Citi Chief U.S. Equity Strategist Tobias Levkovich notes that nearly every investor

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