Andres Garcia-Amaya, Zoe Financial founder and CEO, joins 'Power Lunch' to discuss how to invest amid the coronavirus pandemic. Stocks fell sharply on Friday, giving back some of the strong gains experienced in the previous three days to cap off another volatile week on Wall Street.
Sentiment took a hit as investors focused back on the coronavirus outbreak as the U.S. became the country with the most confirmed cases.
The Dow Jones Industrial Average dropped 915.39 points, or 4.1%, to 21,636.78. The S&P 500 slid 3.4% to 2,541.47 while the Nasdaq Composite closed 3.7% lower at 7,502.38.
Boeing dropped 10.3% to lead the Dow lower. Chevron and Disney each fell more than 8%. Boeing fell after Treasury Secretary Steven Mnuchin said the airplane maker won’t seek a government bailout. Energy and tech were the worst-performing sectors in the S&P 500 as they dropped 6.9% and 4.6%, respectively. Energy was pressured by a 4.8% drop in crude prices.
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