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 (INDU) dropped 1,191 points, or 4.4% in its worst one-day point drop in history.
The S&P 500 (SPX) closed down 4.4% and finished the day below the 3,000 point mark.
The Nasdaq Composite (COMP) ended down 4.6%, more than 10% below its latest peak.
In the United Kingdom, the FTSE 100 (UKX) also fell into correction territory Thursday. This is the market’s first correction since December 2018.
CNN Business
