Nasdaq Falls 2.86% as U.S. Markets Enter Election and Earnings Week

U.S. stocks fell for a third straight week as the Nasdaq Composite dropped 2.86% Friday, leaving investors focused on midterm elections and major technology earnings this week. The Nasdaq's decline was its largest one-day drop since June. The S&P 500 fell 1.82% Friday, and the Dow Jones Industrial Average lost 1.09%. For the week, the S&P 500 declined 0.58%, the Nasdaq fell 2% and the Dow dropped 0.85%. All three indexes recorded a third consecutive weekly loss, their longest such streak since March. The Philadelphia Semiconductor Index lost more than 7.2% Friday and fell more than 15.3% in October.