Dow slides over 3,500 points in worst week since financial crisis

Stocks maintained declines on Friday after Fed Chair Powell issued a statement indicating that policymakers are ready to act if the coronavirus fallout continues. "The fundamentals of the U.S. economy remain strong. However, the coronavirus poses evolving risks to economic activity. The Federal Reserve is closely monitoring developments and their implications for the economic outlook. We will use our tools and act as appropriate to support the economy" he said.-- More...