Wall Street Closes Rollercoaster Week Sharply Lower

Wall Street Closes Rollercoaster Week Sharply Lower
View of the New York Stock Exchange (NYSE) at Wall Street, in New York City, on Nov. 16, 2020. Angela Weiss/AFP via Getty Images
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NEW YORK—U.S. stocks ended sharply lower in a broad sell-off on Friday, ending a week buffeted by strong economic data, corporate tax hike worries, the Delta COVID-19 variant, and possible shifts in the U.S. Federal Reserve’s timeline for tapering asset purchases.

All three major U.S. stock indexes lost ground, with the Nasdaq Composite Index’s weighed down as rising U.S. Treasury yields pressured market-leading growth stocks.