4:05 p.m. U.S. stocks staged a furious rally in the final hour of trading Friday that cut in half a rout that reached 4 per cent and left the S&P 500 higher after a tumultuous week dominated by fear the spreading coronavirus will upend global growth. Treasuries surged.
The S&P 500 slid 1.7 per cent Friday and ended the week up 0.6 per cent. Indexes were whipsawed over the past five days as the spreading virus shook investor confidence and spurred action from central banks and governments.
Treasuries fell to all-time lows, with the 10-year yield dropping as far as 0.66 per cent. The dollar slid for the sixth time in seven days. West Texas crude plunged 10 per cent, the biggest drop in more than five years.
S&P/TSX — 16,045.50 -508.49(-3.07%)
S&P 500 2,918.20 -105.74(-3.50%)
DOW 25,373.71 -747.57(-2.86%)
WTI US$41.31 -10%
2:18 p.m. Canada can take multiple