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.
A screen shows the Dow Jones Industrial Average during trading on the floor at the New York Stock Exchange in New York, US
could push the economy into recession, although stocks regained some ground right at the end of a volatile session.The Nasdaq managed to eke out a 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%. On Thursday, all three indexes had confirmed corrections by finishing more than 10% below their closing record highs.
But investors had spent most of the day dumping equities for the safety of US Treasuries, pushing 10-year yields to their fourth record low this week.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Khune or Akpeyi - Middendorp's headache - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.ICYMI: Khune or Akpeyi – Middendorp’s headache As Kaizer Chiefs enters the last 10 games of the Absa Premiership season territory, it’s how they manage their lead at the top that is very important, according to the head coach Ernst Middendorp.
Read more »
Chaos erupts at EFF march - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.A number of Economic Freedom Fighters members are expected to participate in the people's march to Eskom against load shedding and privatisation on Friday morning.
Read more »
World markets in free-fall as coronavirus goes globalWorld share markets plunge, compounding their worst week since the 2008 global financial crisis, and wiping out $5-trillion in terms of value
Read more »
A 'Love is Blind' reunion episode is coming!Great news for fans of 'Love is Blind': Netflix has announced a special reunion episode.
Read more »
Coronavirus in SA: Not if, but when says expertSouth African Medical Association's Dr Angelique Coetzee believes the virus's arival in South Africa is inevitable.
Read more »
'MultiChoice part of state capture'Yunus Carrim says he believes the deal entered into between MultiChoice and the SABC for the broadcast of the 24-hour news channel on the DStv platform was a 'policy capture'
Read more »