Canada's main stock index had its worst day in more than a year Friday as worries about a The S&P/TSX composite index was down 487.28 points at 21,125.90, with all but nine of the 231 stocks that make up the index having negative performance Friday.
In the U.S., stocks also sank. In New York, the Dow Jones industrial average closed down 905.04 points at 34,899.34 in a shortened trading day following the U.S. Thanksgiving holiday on Thursday. The S&P 500 index closed down 106.84 points at 4,594.62, while the Nasdaq composite finished down 353.57 points at 15,491.66.
The market "usually never bottoms on a Friday," Archibald added, so investors should expect more volatility -- and likely more negative headlines -- in the week ahead. "It's too early to know exactly what the implications are here," Archibald said. "Obviously there is a level of nervousness here until we see some more data out of these regions that are showing these cases."
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