Stocks sank again as a speculative frenzy over GameStop and a handful of other stocks ramps up worries over how much damage an online revolt against Wall Street bigwigs can do to the broader market. The S&P 500 fell 1.9%, giving the index its biggest weekly loss since October. GameStop soared nearly 70% Friday, continuing a saga that’s captivated and confused many on Wall Street and beyond.
The S&P 500 fell 73.14 points, or 1.9%, to 3,714.324.
The Dow Jones Industrial Average fell 620.74 points, or 2%, to 29,982.62.
The Nasdaq fell 266.46 points, or 2%, to 13,070.69.
The Russell 2000 index of smaller companies fell 32.97 points, or 1.6%, to 2,073.64.
For the week:
The S&P 500 is down 127.23 points, or 3.3%.
The Dow is down 1,014.36 points, or 3.3%.
The Nasdaq is down 472.37 points, or 3.5%.
The Russell 2000 is down 95.12 points, or 4.4%.
For the year:
The S&P 500 is down 41.83 points, or 1.1%.
The Dow is down 623.86 points, or 2%.
The Nasdaq is up 182.41 points, or 1.4%.
The Russell 2000 is up 98.79 points, or 5%.
The Associated Press