(AP) — The Dow Jones Industrial Average has tumbled nearly 1,200 points, or 4%, deepening a weeklong global market rout caused by worries that the coronavirus outbreak will wreak havoc on the global economy.
Thursday’s session was the market’s worst one-day drop since 2011.
The S&P 500 has now plunged 12% from the all-time high it set just a week ago.
That puts the index in what market watchers call a “correction.”
The index is headed for its worst week since October 2008, during the global financial crisis.
Bond prices soared again as investors sought safe places to park money.
