Stocks fell sharply on Wall Street Friday as investors feared that a virus outbreak that originated in China will dent the global economy.
Technology companies, which do a lot of business with China, led the losses. Airlines fell after Delta and American suspended flights to and from China. The sell-off erased the S&P 500's gains for January and gave the benchmark index its biggest weekly loss since August.
The S&P 500 sank 58.14 points, or 1.8%, to 3,225.52.
The Dow Jones industrials slumped 603.41 points, or 2.1% to 28,256.03.
The Nasdaq fell 148 points, or 1.6%, to 9,150.94.
The Russell 2000 index of smaller company stocks fell 34.16 points, or 2.1%, to 1,614.06.
For the week:
The S&P 500 fell 69.95 points, or 2.1%.
The Dow declined 733.70 points, or 2.5%.
The Nasdaq lost 163.97 points, or 1.8%.
The Russell 2000 dropped 48.17 points, or 2.9%.
For the year:
The S&P 500 is down 5.26 points, or 0.2%.
The Dow is down 282.41 points, or 1%.
The Nasdaq is up 178.33 points, or 2%.
The Russell 2000 is down 54.41 points, or 3.3%.