Another slump delivers worst week for Wall Street since 2008
MANHATTAN, NY. (AP)- Stocks sank again after another wild day, extending a rout that left Wall Street with its worst week since October 2008.
The market clawed back much of its intraday losses in the last 15 minutes of trading.
Bond prices soared as investors sought safety, pushing yields to record lows.
The stock swoon is being driven by fear that the coronavirus outbreak will derail the global economy.
The Dow Jones Industrial Average lost 357 points, or 1.4%, to 25,409. The S&P 500 lost 24 points, or 0.8%, to 2,954.
The benchmark index has lost 13% since hitting a record high 10 days ago. The Nasdaq rose 1 point to 8,567.