Wall Street dives, ends worst week since 2008, as New York, California impose restrictions
NEW YORK (Reuters) - Wall Street wrapped up its worst week since October 2008, with the Dow Jones Industrial Average and S&P 500 sliding more than 4% on Friday as tough restrictions imposed by New York and California to try to limit the spread of the coronavirus fueled worries about damage to the U.S. economy.
New York Governor Andrew Cuomo early on Friday ordered all non-essential workers to stay home. It followed on the heels of California’s statewide “stay at home” order issued late Thursday.
The moves by two of the most populous U.S. states affects some 40 million people. Also, federal authorities this week moved to close the borders with Canada and Mexico, with more than 12,000 cases having been confirmed in the United States as of Friday.
Caroline Valetkevitch MARCH 20, 2020