S&P falls for seventh day, suffers biggest weekly plunge since 2008 crisis

The S&P 500 fell for the seventh straight day on Friday and the benchmark index suffered its biggest weekly drop since the 2008 global financial crisis on growing fears the fast-spreading coronavirus could push the economy into recession, although stocks regained some ground right at the end of a volatile session.

The Dow and the Nasdaq also registered their deepest weekly percentage losses since October 2008.

The Nasdaq managed to eke out an 0.01% gain after plunging as much as 3.5% during the session. After falling as much as 4.2% – more than 1,000 points – the Dow ended the day down 1.4%…Read More