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Roller-coaster week ends with bond yields, stocks sinking

Posted at 1:44 AM, Mar 07, 2020
and last updated 2020-03-07 01:44:44-05

BY STAN CHOE AND ALEX VEIGA, NEW YORK — Stocks and bond yields fell further Friday, but they had been on pace for even sharper losses before easing up in the last hour of trading.

The S&P 500 clawed back more than half its losses and ended down 1.7%.

The 10-year Treasury yield was at 0.76%.

It rose back from a record low of 0.66% but was still down sharply from a day before.

Markets have been on a roller coaster for weeks as investors try to guess what the economic damage from the coronavirus will be.

The price of oil sank 10%, its worst day in more than five years.