Stocks Open Lower, Face Biggest Weekly Losses Since 2008

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Stocks Open Lower, Face Biggest Weekly Losses Since 2008
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The S&P 500 fell about 2%, a day after its biggest percentage drop since August 2011, with stocks on pace for steep weekly losses

A market storm gathered pace Friday as stock markets around the world sold off and investors struggled to calculate the economic fallout from the coronavirus epidemic.

The S&P 500 fell 1.8%, a day after the biggest percentage drop in U.S. markets since August 2011. The Dow Jones Industrial Average dropped 466 points, or 2%, putting it about 14% below its Feb. 12 record close. The tech-heavy Nasdaq Composite declined 1.9%.

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