US stocks suffer worst weekly losses since Lehman shock

Fed chairman signals possible rate cut in March

TAKENORI MIYAMOTO and ALEX FANG, Nikkei staff writers

NEW YORK -- New York stocks extended their losing streak Friday to finish their worst weekly sell-off since the 2008 financial crisis, with the Dow Jones Industrial Average shedding 12% for the week, as investor anxiety intensified over the fallout from the new coronavirus.

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