DOW Drops 1,190 Points. The Largest One-Day Point Drop In Its History

Daily Mail: Dow plunges 10% from peak and enters correction after largest one-day point drop in HISTORY as coronavirus fears fuel the worst week on Wall Street since the Great Recession

* US major stock indexes closed down more than 4% for the day on Thursday
* Markets have now entered correction, or declines from peak of more than 10%
* Dow dropped 1,190.95 points, the index's largest one-day point drop in history
* Follows report of first US community transmission of coronavirus in California
* Netflix and other 'stay at home' companies saw shares rise, however

U.S. stock indexes plunged dramatically yet again on Thursday, as the rapid spread of the coronavirus outside China deepens investor worries about growth and corporate earnings.

The Dow Jones Industrial Average plummeted 1,190.95 points, or 4.42 percent, to 25,766.64, the largest one-day point drop in history. It comes during the quickest market plunge on a percentage basis since the financial crisis of October 2008.

The Dow, S&P 500 and Nasdaq all closed more than 10 percent below their recent highs. That means the market is officially in a correction, which is a normal phenomenon that analysts have said was long overdue.

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Update #1: Virus anxiety triggers biggest 1-day market drop since 2011 -- AP
Update #2: Wall Street tumbles again on virus fears, confirming correction -- Reuters

WNU Editor: The futures markets are revealing more of the same for tomorrow .... Stock futures point to more losses after Thursday’s massive tumble amid coronavirus fears (CNBC).

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