U.S. equity markets turned lower Friday afternoon after Apple said it was reclosing some stores because of a resurgence in COVID-19 cases.

The Dow Jones Industrial Average fell as many as 241 points, or 0.93 percent, while the S&P 500 shed 0.75 percent before both pared losses. The Nasdaq regained positive territory after tumbling as much as 0.53 percent.

The major averages had posted increased earlier in the session after a Bloomberg report said China is ready to increase purchases of U.S. farm products in order to meet the requirements of its phase-one trade deal.

Additionally, Friday is quadruple witching day, meaning stock index futures, stock index options, stock options and single stock futures all expire. Read more at FOX Business