Stocks slashed their earlier gains on Friday as investors concluded a week that featured wild swings. Wall Street has been grappling with fears over the coronavirus’ economic blow, fueling historic market volatility.
The Dow Jones Industrial Average traded 106 points lower, or 0.5% after rallying more than 400 points earlier in the day. The S&P 500 dipped 1.1%. The Nasdaq Composite traded 0.3% lower after jumping more than 2%.
The Dow is down 13% for the week and was on pace for its biggest one-week fall since October 2008, when it slid 18.2%. The S&P 500 has lost more than 12% week to date after dropping another 11.5% last week. The Nasdaq has fallen 9.7%.