All three major US indexes are now on track for their worst week since the 2008 financial crisis as investors continue to worry about the outbreak
The Dow fell up to 960 points Thursday before bouncing back a bit. In the morning, the index fell more than 10% below its most-recent peak briefly putting it in correction territory. The index was down 370 points, or 1.4%, around midday.Similarly, the S&P 500 bounced back from the worst of its selloff and re-emerged from correction territory. The index was down 1.3% midday.Both indexes remain on track for their worst week since the fall of 2008, the midst of the financial crisis.
Worries about the coronavirus outbreak mounted this week, with the US Centers for Disease Control and Prevention saying it expects cases in the United States to rise. The virus has now infected more than 82,000 people worldwide, with the vast majority of cases in China.Corporations continue to warn that they won't meet their first quarter earnings targets. Microsoft announced that late Wednesday.
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