The following article by Sylvan Lane was posted on the Hill website March 23, 2018:
U.S. stocks suffered their worst week in more than two years after closing Friday with heavy losses.
The Dow Jones industrial average fell 1.8 percent Friday, a 425-point drop, to close at its lowest level since November. The index fell 5.7 percent this week.
It is down 11.6 percent from its 52-week high, entering a formal correction, which is a 10-percent drop from an index or stock’s 52-week peak.
The Standard and Poor’s 500 index dropped 2 percent Friday, driving its weekly loss to 5.9 percent. The S&P took heavy losses from battered financial stocks, though the index avoided hitting correction level. Continue reading “Stocks suffer worst week in two years”