The Dow is on pace for worst month since March

Stocks resumed their march downward after a brief reprieve on Thursday, as concerns about coronavirus lockdowns and worries over quarterly results from tech giants dampened sentiment.

The Nasdaq Composite fell over 0.79%, while the S&P 500 dipped over 0.3% and Dow Jones Industrial Average slipped by the same amount or over 100 points.

U.S. stocks are on pace to post the worst month since March.

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Despite better-than-expected results from the Big Tech companies — Amazon, Google parent Alphabet, Facebook, Apple and Twitter — concerns about COVID-19's effects on the global economy resulted in sharp declines for all, save for Alphabet, whose shares rose  in early Friday trading.

Apple, which tumbled, said its subscription bundle, Apple One, would launch Friday, according to Chief Financial Officer Luca Maestri, as it increasingly focuses on services to boost revenue.

COVID-19 CONCERNS

COVID-19 cases continue to rise, with the U.S. topping its single-day high in new cases Thursday at 89,940 infections. The total number of people in the country infected by the virus has topped 9 million, with at least 228,000 deaths attributed to it, according to data provided by Johns Hopkins University.

Concerns of a so-called "second wave" have reemerged not only in the U.S. but in Europe as well, with Germany, France and Italy putting in fresh lockdown measures to slow the spread of the virus.

European markets were also lower Friday, with the Euro STOXX 50 declining by 0.6% and the broader STOXX Europe 600 index also lower. Read more at FOX Business