Stocks Booked Another Week of Sharp Losses

Stocks fell sharply on Friday, ending another week of heavy losses and extreme volatility, as investors weighed a rising coronavirus case count against massive stimulus measures from global policymakers. At close, the Dow Jones Industrial Average fell 913.21 points, or 4.55%, to 19,173.98. The S&P 500 declined 104.47 points, or 4.34%, to 2,304.92. The Nasdaq Composite lost 271.06 points, or 3.79%, to 6,879.52. For the week, the Dow dropped more than 17%, the S&P 500 fell 15% and the Nasdaq dropped more than 12%.

Oil settled sharply lower on Friday, with U.S. prices down 29% for the week—the largest weekly loss since 1991. West Texas Intermediate crude for April delivery fell $2.69, or 10.7%, to settle at $22.53 a barrel. May Brent crude fell $1.49, or 5.2%, to $26.98 a barrel. WTI crude futures settled 29% lower for the week. Brent crude saw a weekly loss of 20.3%.