Dow’s Dive Erases All Gains Under Trump

Updated at 5:52 p.m. ET

The Dow Jones Industrial Average fell 913 points, leaving the index 2.8% lower than when President Trump took office. Friday’s drop culminated a staggering week of losses as the coronavirus impact took an economic toll.

The Dow closed down nearly 4.6% Friday, and the S&P 500 index fell 4.3%. The Nasdaq dropped nearly 3.8%.

Trump has often touted the stock market’s performance under his presidency, but the coronavirus has wiped out all the gains since he took office Jan. 20, 2017.

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The Dow lost 17% just this week and is down nearly 33% so far this year.

It was the last day of floor trading before the New York Stock Exchange switches to all-electronic trades starting Monday to help protect its employees and others from the coronavirus.

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