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Virus Anxiety Triggers Biggest 1-Day Market Drop Since 2011

Virus Anxiety Triggers Biggest 1-Day Market Drop Since 2011

The Associated Press
Updated: February 27, 2020 09:43 PM

Worldwide markets have plummeted again on anxiety about the coronavirus.

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The Dow Jones Industrial Average tumbled nearly 1,200 points Thursday, deepening a weeklong global rout caused by worries that the outbreak will wreak havoc on the global economy. The selloff gave U.S. stocks their worst one-day drop since 2011.

The S&P 500 has now plunged 12% from the all-time high it set just a week ago. That puts the index in what market watchers call a “correction.”

The index is headed for its worst week since October 2008, during the global financial crisis.

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The Associated Press

Copyright 2020 The Associated Press. All rights reserved.

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