Stocks Marked The Worst Opening Week Ever

U.S. stocks closed sharply lower on Friday, ending the week with the biggest declines since Aug 31, 2015 and marking the worst opening
week of the year in history. The Dow Jones Industrial Average dropped 167.65 points, or 1.02%, to 16,346.45 and reported a 6.2% weekly decline. The S&P 500 fell 21.06 points, or 1.08%, to 1,922.032 and booked a 6% weekly loss. The Nasdaq Composite was down 45.79
points, or 0.98%, to 4,643.63 and was down 7.3% over the week.

Three U.S. state attorneys general criticized Volkswagen AG (VOWG_p.DE) on Friday for citing German law to withhold documents from a group of states investigating the German automaker’s use of illegal diesel emissions software.

European Union regulators said Friday they have unconditionally approved FedEx Corp.’s acquisition of Dutch parcel firm TNT Express
NV, formally closing a six-month antitrust probe that had been one of the biggest hurdles toward the near-$5 billion deal.

Campbell Soup Co said it will label all its U.S. products for the presence of ingredients derived from genetically modified organisms, becoming the first major food company to respond to growing calls for more transparency about contents in food.