China's National Commission said overnight that the number of confirmed cases rose to 75,465, and the number of deaths in the country increased to 2,236. South Korea posted 100 new cases. World Health Organization Director-General Tedros Adhanom Ghebreyesus on Friday told reporters that there have been four deaths in Iran in the past two days and one in Lebanon on Friday.
Ghebreyesus said the "window of opportunity" to contain the virus is "narrowing."
Meanwhile, IHS Markit's manufacturing purchasing managers' index fell to 50.8 this month, down from 51.9 in January, to reach its lowest level in six months. The consensus compiled by Capital IQ was for 51.4.
Tech shares sank nearly 2.3%. Microsoft (MSFT) fell 3.2%, Apple (AAPL) lost 2.3%, and Intel (INTC) shed 1.7%.
Consumer discretionary shares dropped more than 1.6%, pulled lower by Nike's (NKE) 2.2% slide. Hasbro (HAS) lost 9%, and Wynn Resorts (WYNN) fell 4%.
Communication services fell 1.4%, pulled lower by Walt Disney's (DIS) 1% retreat. Alphabet (GOOGL) fell 2.2% and Facebook (FB) lost 2%.
Consumer staples finished nearly 0.3% higher, pulled higher by Philips Morris International's (PM) 2.5% gain. Colgate-Palmolive (CL) added 1.5%.
Deere & Co. (DE) popped 7% after the heavy-equipment maker posted better-than-expected first-quarter results and said it did not expect its sales in Asia in 2020 to be hurt by the coronavirus.
Cinemark (CNK) dropped nearly 11% after the movie exhibitor's fourth-quarter results missed expectations as attendance fell.
In other economic news, sales of existing homes fell 1.3% in January but still finished ahead of the Street's expectations.
The Dow Jones Industrial Average ended nearly 0.8% lower to end the week down 1.4%. The Standard & Poor's 500 fell 1.1% to close out the period 1.3% lower. The Nasdaq Composite dropped 1.8% to close out the week 1.6% lower.
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