Stocks are in free-fall, with major indexes falling into correction territory. The Dow tumbled nearly 1,200 points as worries mounted about the economic toll of a widening coronavirus epidemic.
Traders work during the opening bell at the New York Stock Exchange on Thursday. Wall Street stocks opened sharply lower amid fears the coronavirus will grow into a significant international health crisis.Johannes Eisele/AFP via Getty Images
Traders work during the opening bell at the New York Stock Exchange on Thursday. Wall Street stocks opened sharply lower amid fears the coronavirus will grow into a significant international health crisis.Stocks continued their free-fall on Thursday, with major indexes falling into correction territory. The Dow Jones Industrial Average tumbled nearly 1,200 points as worries mounted about the economic toll of a widening coronavirus epidemic.
The Dow ended the day down 4.4%, and nearly 13% below its recent peak on Feb. 12. A drop of 10% from a recent high is the technical definition of a"correction." The broader S&P 500 index and the tech-heavy Nasdaq are also in correction territory. Both are down more than 12% from their recent peak, reached just last Wednesday.
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