New York (CNN Business)US stocks again sold off sharply on Thursday as worries about coronavirus mounted. The S&P 500 posted its worst day since August 18, 2011, and the three main indexes fell into correction territory. Stocks are on track for their worst week since the financial crisis.
The Dow (INDU) dropped 1,191 points, or 4.4% in its worst one-day point drop in history. The index has fallen more than 10% below its most-recent peak, putting it in correction.
The S&P 500 (SPX) closed down 4.4% and finished the day below the 3,000 point mark. The index is also in correction territory.
The Nasdaq Composite (COMP) ended down 4.6%, more than 10% below its latest peak.
All three indexes are on track for their worst week since the fall of 2008, the midst of the financial crisis.
In the United Kingdom, the FTSE 100 (UKX) also fell into correction territory Thursday. This is the market's first correction since December 2018.
SWIFT, SWEEPING AND S-H-A-T-T-E-R-I-N-G!!!
All the more must hide in tsunami sheltered stocks with
HIGH NET CASH
LITTLE DEBT
RECESSION PROOF BUSINESS
GOVT INTERNAL STIMULATION STOCKS INSULATED & ISOLATED FROM WORLD MARKET TURMOIL
Best Regards
Calvin Tan
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/2020-02-28-story-h1483998943-Dow_falls_1_191_points_the_most_in_history.jsp
