Friday 28 February 2020

Dow plunges 650 points as stock market enters correction territory, down 10% from record high

Dow plunges 650 points as stock market enters correction territory, down 10% from record high

Stocks fell sharply once again on Thursday as investors worried the coronavirus may be spreading in the U.S. A slew of corporate and analyst warnings also dragged down the major averages. The Dow Jones Industrial Average plummeted 825 points, or 3.1%. The S&P 500 slid 3% while the Nasdaq Composite dropped 3.5%. The Dow was on pace for its worst weekly performance since the financial crisis, falling more than 9% week to date.
Read more: https://www.cnbc.com/2020/02/26/dow-futures-fall-after-microsoft-issues-coronavirus-warning.html?source=Snapzu

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