Stocks fell for a second week in a row, with Friday’s sell-off wiping out the Dow and S&P 500’s ... [+] gains so far in 2020. Stocks plunged on Friday with the Dow Jones Industrial Average falling by 2.1%, the S&P 500 by 1.8% and the Nasdaq Composite by 1.6%. The Dow posted its worst single-day drop since August 2019—and fifth-biggest drop ever, while the S&P 500 saw its largest decline since October. SARS is estimated to have wiped out $40 billion from world markets, according to one study. Amazon posted a profit of $6.47 per share versus $4.03 expected and revenue of $87.4 billion compared to an expected $86 billion.

Source: Forbes January 31, 2020 21:11 UTC