2020 March, 24, 11:06:08 PM

US Stocks Suffer Worst Week Since 2008, With Investors Still Unsold

Share with -

US stocks fell on Friday, failing to continue gains from Thursday as investors remained unsold on widespread actions designed to curb the spread of the coronavirus and protect economies around the world.
The White House is working toward a $1 trillion stimulus package to prop up the US economy, while the Federal Reserve has introduced many emergency measures from its toolkit to provide liquidity to markets reeling from the pandemic.
The equity market's losses came after a turbulent trading session that saw the Dow Jones industrial average gain as much as 2.2% before reversing midday and closing at intraday lows. Both the Dow and the benchmark S&P 500 suffered their worst weekly declines since the financial crisis in 2008.

Here's where major US indexes stood at the market close on Friday:

  • S&P 500: 2,304.59, down -4.4%
  • Dow Jones industrial average: 19,173.43, down 4.6% (914 points)
  • Nasdaq composite: 6,879.31, down 3.8%
Share To -
Please Sign in to make a comment.
  • Trending market news & market moves
  • Forex Forecast & Analysis
  • Experts opinions
  • Upcomming Webinars & Seminars
Subscribe to Our Newsletter