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.
Go deeper: The growing coronavirus recession threat