S&P 500 drops for seventh day, posts biggest weekly fall since 2008 crisis

FAN Editor
A screen shows the Dow Jones Industrial Average during trading on the floor at the NYSE in New York
A screen shows the Dow Jones Industrial Average during trading on the floor at the New York Stock Exchange (NYSE) in New York, U.S., February 28, 2020. REUTERS/Brendan McDermid

February 28, 2020

NEW YORK (Reuters) – 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.

The Dow Jones Industrial Average <.DJI> fell 356.88 points, or 1.39%, to 25,409.76, the S&P 500 <.SPX> lost 24.7 points, or 0.83%, to 2,954.06 and the Nasdaq Composite <.IXIC> added 0.89 points, or 0.01%, to 8,567.37.

(Reporting by Sinéad Carew; Editing by Chris Reese)

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