Market Snapshot: U.S. stocks slump, ending two week win streak, led by tech sector as coronavirus worries ratchet higher [MarketWatch]
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Source: MarketWatch
U.S. stocks slump, ending two week win streak, led by tech sector as coronavirus worries ratchet higher U.S. stocks slumped Friday, ending a two week win streak, as the spread of the COVID-19 epidemic from China to neighboring countries amplified worries about the impact on supply chains and global economic growth. Tech shares were the biggest loser in the S&P 500 index, with the sector closing down 2% as investors weighed potential fallout resulting from the corornavirus. The Dow Jones Industrial Average DJIA, -0.78% closed below 29,000, shedding 227.51 points, or 0.8%, at 28,992.40, its worst one-day percentage drop since Feb. 7. The S&P 500 SPX, -1.05% lost 35.48 points, or 1.1%, to settle at 3,337.75, its biggest one-day percentage decline since Jan. 31. The Nasdaq Composite Index COMP, -1.79% lost 174.37 points, or 1.8%, to finish at 9,576.59, its worst single-day percentage fall since Jan. 27, according to Dow Jones Market Data. For the week, the Nasdaq Composite lost 1
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