Dow plunges 950 points, extending coronavirus-fueled swings

Dow plunges 800 points, enters correction on coronavirus fears


U.S. stocks fell sharply Thursday as coronavirus-fueled swings around global markets continued over the potential economic fallout from the outbreak.

The Dow Jones industrial average dropped 950 points, while the Standard & Poor’s 500 fell 3.2%. The technology-heavy Nasdaq Composite slid 2.8%. 

Treasury yields fell to more record lows as the market swung back to fear about the effects of a fast-spreading virus in its latest yo-yo move. 

The growing understanding that the spread of infections — and the resulting damage to the economy — may not slow anytime soon is pulling sharply on markets. That pull has taken turns this week with the increasingly worldwide push that governments and central banks are trying to give markets through spending plans and interest-rate cuts.

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