US stocks drop, Nasdaq falls below 11,000

The main US stock indices fell on Friday, in the last session of October, amid worries about the coronavirus crisis.

The number of coronavirus infections rose to more than 45 million cases worldwide and continues to soar in the US and Europe, which forced some governments to re-impose public lockdown restrictions to curb the virus spread.

Data showed today that the US personal income index rose by 0.9% in September, beating forecasts of 0.3%.

The US personal spending rose 1.4% in September, beating forecasts of a rise by 1%.

As for stocks, Dow Jones fell by 1.3% or 350 points to 26,314 as of 15:34 GMT, Nasdaq fell 2.41% or 265 points to 10,918, and S&P 500 fell 1.7% or 55 points to 3,255.