Market Snapshot: Dow skids below 29,000, led lower by tech names as coronavirus worries ratchet higher [MarketWatch]
Microsoft Corporation (MSFT)
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Source: MarketWatch
Dow skids below 29,000, led lower by tech names as coronavirus worries ratchet higher U.S. stocks extended losses Friday, with tech and energy shares leading the way lower in afternoon trade, as the spread of the COVID-19 epidemic from China to neighboring countries amplified worries about the impact on supply chains and global economic growth. Tech shares were the biggest loser in the S&P 500 index, with the sector down 2.4% as investors weighed potential fallout resulting from the corornavirus. The Dow Jones Industrial Average DJIA, -0.89% fell 257 points, or 0.9%, to 28,956 while the S&P 500 SPX, -1.17% lost 39 points, or 1.2%, to trade at 3,334. The Nasdaq Composite Index COMP, -2.02% was off 192 points, or 2%, at 9,559. On Thursday, the Dow closed down 128.05 points, or 0.4%, at 29,219.90, after hitting an intraday low at 28,959.65. The S&P 500 lost 12.92 points, or 0.4%, to end at 3,373.23. The Nasdaq Composite Index shed 66.21 points, or 0.7%, to settle at 9,750.96, af
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