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S&P 500 posts worst week since the financial crisis as coronavirus fears flare

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  • All major US indices tanked on Friday, pushing stock prices further into correction territory as coronavirus fears continued to roil investors.
  • The S&P 500 fell as much as 4.1% before closing down 0.8%. The index suffered an 11% drop over five days — its worst weekly stretch since October 2008.
  • The Dow Jones industrial average plunged 12% for the week, falling to its lowest level since June.
  • The 10-year Treasury yield dropped to a new record low as more cash was funneled into the popular defensive asset.
  • The market turmoil arrives as coronavirus infections climb higher. The outbreak read more >>>

    Source:: BusinessInsider.Com