U.S. stock losses deepened, with the Dow falling about 1,200 points to close in correction territory, off more than 10% from a recent high
U.S. stocks closed sharply lower Thursday as investors braced for the spreading coronavirus to slow business activity and depress corporate earnings.
The Dow Jones Industrial Average fell 4.4%, about 1,186 points, as of 4 p.m. Eastern time, and the Nasdaq Composite slid 4.5%. The S&P 500 was down 4.4%. All three closed near the lows on the day and finished the session down more than 10% from their recent highs, a decline known as a correction.
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