Stocks tumble into correction territory amid virus scare

[Yo_Mama_Been_Loggin]

Stocks fell sharply in volatile trading Thursday as traders worried the coronavirus might be spreading in the U.S. A slew of corporate and analyst warnings on the virus also dragged down the major averages.

The Dow down 650 points after plummeting more than 900 points earlier in the session. The S&P 500 slid 2.3%, while the Nasdaq dropped 2.5%. The Dow was on pace for its worst weekly performance since the financial crisis, falling more than 8% this week.

Those losses put the Dow in correction territory, down more than 10% from its record close. The S&P 500 dipped into 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.

Despite the market’s rapid fall, the S&P 500 has retreated only to levels hit last October.

https://www.msn.com/en-us/money/markets/stocks-tumble-into-correction-territory-amid-virus-scare/ar-BB10rty7?li=BBnb7Kz

Tired of winning yet?

[napi21]

1. Oh Boy! DT gonna be freaking out again! He's convinced that if the market goes to hell, so

will his re-election.

[elleng]

2. @ 2:20

S&P 500
-2.57%
Dow
-2.67%
Nasdaq
-2.78%

[ooky]

3. Obviously, Trump's lies last night didn't move investors.

That's the bad thing about having a president who everyone knows is a notorious, pathological liar.

But frankly, the stock market has been overdue for a long while to fall.

[captain queeg]

4. "Only" down about 600 points right now; 11:30 PST

I usually think when pundits say some stock market change is due to this or that they are just blowing smoke. But. Think this downturn is really mostly due to the coronavirus. Maybe not 100% though.

[TheFarseer]

5. I thought I'd be smart

And buy a gold stock to hedge my bets - and that’s getting crushed too!