NEW YORK (AP) - Stocks sank around the globe again Friday as investors braced for more economic pain from the coronavirus outbreak, sending U.S.
markets to their worst weekly finish since the 2008 financial crisis. The damage from the week of relentless selling was eye-popping: The Dow Jones Industrial Average fell 3,583 points, or 12.4%.
Microsoft and Apple, the two most valuable companies in the S&P 500, lost a combined $300 billion. In a sign of the severity of the concern about the possible economic blow, the price of oil sank 16%. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The market’s losses moderated Friday after the Federal Reserve released a statement saying it stood ready to help the