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Dow plunges 1,191 points to record its biggest point drop in history

Rising anxiety over the global coronavirus outbreak pushed the stock market into a new zone of fear Thursday.

After falling sharply all week, the Dow Jones Industrial Average tumbled 1,190.95 points to close at 25,766.64 — its worst one-day point drop in history. Mounting worries that the virus could spread in the USA rattled investors as the number of worldwide cases topped 82,000. Thursday’s losses put the blue-chip average into a correction – a decline of 10% from a recent high – for the first time since December 2018.

The sharp declines wiped out the Dow’s gains for the year and trillions of dollars from investors’ portfolios in a matter of days. Heading into Thursday, the average was down 7% this week, on track for its worst weekly percentage performance since the depths of the financial crisis in 2008.

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