February 28, 2020 / 9:08 PM / a month ago

US STOCKS SNAPSHOT-S&P 500 drops for 7th day, posts biggest weekly fall since 2008 crisis

NEW YORK, Feb 28 (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 fell 356.88 points, or 1.39%, to 25,409.76, the S&P 500 lost 24.7 points, or 0.83%, to 2,954.06 and the Nasdaq Composite added 0.89 points, or 0.01%, to 8,567.37. (Reporting by Sinéad Carew Editing by Chris Reese)

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