Nasdaq closes above 16,000 for the first time; Dow Jones down again

Travel stocks slump as European Covid cases rise; Stay-at-home stocks gain

The Nasdaq Composite Index closed above the 16,000 mark for the first time on Friday, in its second-straight record finish, while the Dow succumbed to its fourth losing session in the last five.

Both the Nasdaq and S&P 500 index scored a winning week, after last week's declines snapped a five-week run of higher finishes.

The Dow Jones Industrial Average's second-successive weekly loss wiped out the last of its November gains, extending the index's drop from a Nov. 8 record high.

Friday's fall was caused by banking, energy and airline stocks slumping on fears of new lockdowns in Europe to