Wall Street dives most in a week since 2008 as New York, California impose restrictions
NEW YORK - Wall Street wrapped up its worst week since October 2008, with the Dow and S&P 500 sliding more than 4% on Friday as tough restrictions by New York and California to try to contain the spread of the coronavirus fueled worries about damage to the economy.
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.
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