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.
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.