Dow Falls Nearly 1,200 Points; Stocks Now In Correction Territory

Traders work during the opening bell at the New York Stock Exchange on Thursday. Wall Street stocks opened sharply lower amid fears the coronavirus will grow into a significant international health crisis.Johannes Eisele/AFP via Getty Images

Traders work during the opening bell at the New York Stock Exchange on Thursday. Wall Street stocks opened sharply lower amid fears the coronavirus will grow into a significant international health crisis.Stocks continued their free-fall on Thursday, with major indexes falling into correction territory. The Dow Jones Industrial Average tumbled nearly 1,200 points as worries mounted about the economic toll of a widening coronavirus epidemic.

The Dow ended the day down 4.4%, and nearly 13% below its recent peak on Feb. 12. A drop of 10% from a recent high is the technical definition of a"correction." The broader S&P 500 index and the tech-heavy Nasdaq are also in correction territory. Both are down more than 12% from their recent peak, reached just last Wednesday.

trumpbubble

indices In these troubled times, let us keep some standards and decencies.

The bubble was about to burst and this is the perfect storm for it. Artificial hype can’t last forever

The flu happens yearly. But doesn't TANK the stock market. 3,225.77 points in just four days.

You're not listening. I've tried to tell you about healthcare for years.

NotMyPresident

aha. Glad I am poor but honest. I am going to have a cherry turnover at Arby's on First Avene & Prince.

Time to buy more stocks people!! Bargain prices!!!

On 2/27/12, the Dow Jones Industrial Average (DJIA) was up 72% from 1/20/09; since 1/20/17, DJIA is up about 30%. Only using Cruella DeVos Mathe-nonsense would 30% be better than 72%. Thanks, Obama!

This is what they call 'correction territory'? Wait until tomorrow. Will it be in 'correction territory' then? We're already well on the way to 24k.

Well trump states the country is the best lol

Liberals are happy as poop!! They hope millions die. Then they regain POWER!!

That perhaps combined with the realities of Trump’s piss-poor economic polities and the bursting of a stock price bubble? 🤔

12% over last few days. Oh well. Time for newbies to FREAK OUT and sell. Time for others to buy.

All of the sudden moving our manufacturing base to China for no appreciable benefit seems like a bad idea.

Don’t worry VP changed his diapy and is now ready to attack coronaextrausa with maga and Yahway . Blessings!

Buy the dips people! Either this will all blow over and you'll cash in or it's the beginning of the end of the world and money won't matter any more. You literally CAN'T lose.

RemovetheDotard now

How exactly does the virus dictate economic standing?

If this is winning, I don't want to see losing.

Turns out, gutting the CDC and getting rid of the emergency global health of USAID was an extremely costly move from the dotard and his Godforsaken administration.

Well, even when the market is through the roof...I feel nothing. Job creation low, limited wages, no wealth...so....

Tom Petty warned us of this

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