JUST IN: The Dow plunged more than 1,100 points and closed in the red as worries about the coronavirus mounted. It was the index's worst one-day point drop in history.
New York US stocks again sold off sharply on Thursday as worries about coronavirus mounted. The S&P 500 posted its worst day since August 18, 2011, and the three main indexes fell into correction territory. Stocks are on track for their worst week since the financial crisis.
The Dow dropped 1,191 points, or 4.4% in its worst one-day point drop in history. The index has fallen more than 10% below its most-recent peak, putting it in correction.The S&P 500 closed down 4.4% and finished the day below the 3,000 point mark. The index is also in correction territory.The Nasdaq Composite ended down 4.6%, more than 10% below its latest peak.All three indexes are on track for their worst week since the fall of 2008, the midst of the financial crisis.
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