Wall Street closed lower on Friday, marking the end of a tumultuous week with financial stocks dragging the market down.
US STOCKS-Wall Street ends lower amid claims of overreaction
By Stephen Culp
NEW YORK, March 17 (Reuters) – Wall Street closed lower on Friday, marking the end of a tumultuous week dominated by an unfolding crisis in the banking sector and the gathering storm clouds of possible recession.
All three indexes ended the session deep in negative territory, with financial stocks down the most among the major sectors of the S&P 500.
For the week, while the benchmark S&P 500 ended higher than last Friday’s close, the Nasdaq and the Dow posted weekly declines.