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CNBC FinanceFeb 28, 2020
US stocks erase $3.18 trillion in value this week amid coronavirus tailspin
The coronavirus wiped $3.18 trillion in market value from U.S. stocks this week, according to estimates from S&P Dow Jones Indices.

RELATED ARTICLES
Dow Jones Industrial Average slides 357 points on coronavirus fears as stocks post worst week since 2008 (USA Today Money)
Stocks Suffer Worst Week Since Financial Crisis Amid Coronavirus Fears (NYTimes Business)

CNBC FinanceFeb 28, 2020
Dow falls 350 points Friday to cap the worst week for Wall Street since the financial crisis
Stocks tumbled once again over the coronavirus. The Dow, however, closed well off its session lows.

MarketWatch MarketPulseFeb 28, 2020
Stocks record worst week since financial crisis as coronavirus concerns heat up
U.S. stocks capped the week with another session of painful losses on Friday amid worries around the COVID-19 outbreak's potential to upend the global economy. Stocks trimmed Friday's losses by the closing bell with the Nasdaq turning positive. The S&P 500 was down 0.8% to end around 2,955. The Dow Jones Industrial Average retreated 358 points, or 1.4%, to finish near 25,409, based on preliminary numbers. The Nasdaq Composite was up less than 0.1% at 8,567. But for the week, the S&P 500 was down 11.5%, the Nasdaq fell 10.5%, and the Dow tumbled 12.4%. For the month, the S&P fell 8.4%, Dow fell 10%, and the Nasdaq dropped 6.4%. Federal Reserve Chairman Jerome Powell issued a statement saying the U.S. central bank would act as appropriate and monitor the coronavirus impact, an announcement that raised expectations for monetary easing later this year. The 10-year Treasury note yield set a record closing low of 1.127% on Friday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Reuters BusinessFeb 28, 2020
S&P 500 drops for seventh day, posts biggest weekly fall 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 lead to a recession, although stocks cut losses at the end of the day's session.

RELATED ARTICLES
US STOCKS SNAPSHOT-S&P 500 drops for 7th day, posts biggest weekly fall since 2008 crisis (Reuters Company News)

Reuters MoneyFeb 28, 2020
As stocks plunge on coronavirus, hedge funds can brag: 'we're down less!'
This week's stock market plunge on coronavirus worries has given hedge fund managers a rare opportunity to brag that they are performing better than traditional stock market funds during a time of...

MarketWatch MarketPulseFeb 28, 2020
COVID-19 case tally: 83,861 cases, 2,867 deaths
There are now a total of 83,861 cases of COVID-19 and at least 2,867 deaths, according to the latest figures from the Johns Hopkins Whiting School of Engineering's Centers for Systems Science and Engineering. About 36,000 people have recovered. It's another day in which the rising case and death count has been driven largely by the growth of ex-China cases. The novel coronavirus was first identified in December in Wuhan, China. There are 388 cases in Iran and 34 deaths; 655 cases in Italy and 17 deaths; and 2,337 cases and 13 deaths in South Korea. In the U.S., there are 60 cases, including the first possible case of a transmission of the virus in the community, of a woman in Northern California who is being treated at a hospital in Sacramento. In addition, over the past two days, several countries have reported their first cases of COVID-19, including Brazil, Georgia, New Zealand, and Norway.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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