Alva Review-Courier -

Dow drops more than 900 points, ending worst week since 2008

 

March 20, 2020



Wall Street ended the week the same way it began: in full retreat from the coronavirus.

Stocks fell sharply and the price of oil sank Friday as federal and state governments moved to shut down bigger and bigger swaths of the nation's economy in the hope of limiting the spread of the outbreak.

The Dow Jones Industrial Average slid more than 900 points, ending the week with a 17.3% loss. The index has declined in four of the last five weeks.

The latest sell-off wiped out the gains from a day earlier and capped the market's worst week since the financial crisis of 2008.

Investors are worried t...



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