The Dow ended a wild, roller coaster week with a 250-point fall on Friday but it managed a weekly gain as investors continued to weigh the global economic disruption from the coronavirus outbreak.
Markets have endured roller coaster ups and downs for weeks amid uncertainty over how much damage the outbreak of the new coronavirus will do to the global economy.on Friday. The rise in the number of infections globally, along with ongoing disruptions to supply chains threatens to have a"deeper and longer-lasting restraint" on U.S. growth, Lindsey Piegza, chief economist at Stifel Nicolaus, said in a note.
Rumors that Chinese officials might be overstating the extent to which local businesses are getting back to work also were undermining confidence, traders said.
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