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Dow plunges 10% amid coronavirus fears for its worst day since the 1987 market crash
Stocks plummeted once again on Thursday after President Donald Trump and the Federal Reserve failed to quell concerns over the possible economic slowdown stemming from the coronavirus, leading to historic moves in U.S. markets. The Dow Jones Industrial Average traded 1,991 points lower, or 8.5%. The index was on pace for its worst drop since the 1987 market crash, when it collapsed by more than 22%.The S&P 500 traded down 8%, joining the Dow in a bear market. The Nasdaq Composite traded 7.9% lower. “The coronavirus is scary and people don’t know what to expect,” said Kathy Entwistle, senior vice president of ... (full story)
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