Stocks fall sharply as Coronavirus continues to spread

Stocks fell sharply once again on Thursday as investors worried the coronavirus may be spreading in the U.S. A slew of corporate and analyst warnings also dragged down the major averages.

The Dow Jones Industrial Average plummeted 616 points, or 2.3%. The S&P 500 slid 2.3% while the Nasdaq Compositedropped 2.6%.

Those losses put the Dow in correction territory, down 10% from its from its record close to where it’s trading at now. The S&P 500 was in correction territory on an intraday basis. It took the Dow just 10 sessions to tumble from its all-time high. The S&P 500 and Nasdaq set record highs last week.

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