Updated Feb 28, 2020 - Economy & Business

Wall Street notches worst week for stocks since 2008

Traders work on the floor of the New York Stock Exchange on February 27, 2020 in New York City
Traders work on the floor of the New York Stock Exchange. Photo: Scott Heins/Getty Images

Stocks closed down about 1% on Friday, ending the worst week for Wall Street since the financial crisis.

Why it matters: The stretch of declines came after a spike in coronavirus cases around the world earlier this week. The steep losses prompted questions about the fate of the record-long economic expansion, as well as a rare statement from the Federal Reserve.

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