Stocks slide on Wall Street, extending steep drops this week

James Denaro monitors stock prices at the New York Stock Exchange, Wednesday, Feb. 26, 2020. (AP Photo/Mark Lennihan)

NEW YORK (AP) — Stocks gave up early gains and ended lower, extending their losses for the week.

Worries about economic fallout from the virus outbreak that originated in China has fueled a sharp sell-off that wiped out the market's gains for the year.

Energy stocks sank along with the price of oil. Cruise operators fell again, deeping a monthlong rout.

The bond market continued to flash warning signs as long-term yields fell further below short-term ones.

The S&P 500 fell 11 points, or 0.4%, to 3,116. The Dow Jones Industrial Average fell 123 points, or 0.5%, to 26,957. The Nasdaq edged up 15 points, or 0.2%, to 8,980.

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