February 28, 2020

Worldwide markets plummeted again Thursday, deepening a weeklong rout triggered by growing anxiety that the coronavirus will wreak havoc on the global economy. The sweeping selloff gave U.S. stocks their worst one-day drop since 2011.

The Dow Jones Industrial Average tumbled nearly 1,200 points. The S&P 500 has now plunged 12% from the all-time high it set just a week ago. That puts the index in what market watchers call a “correction,” which some analysts have said was long overdue in this bull market, the longest in history.

Stocks are now headed for their worst week since October 2008, during the global financial crisis.

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