Virus spooks investors as S&P 500 confirms correction [Reuters]
Microsoft Corporation (MSFT)
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Source: Reuters
Pandemic fears send investors running as Wall Street confirms correction New York (Reuters) - Wall Street’s main indexes plunged on Thursday for the sixth straight session, with the S&P 500 confirming its fastest correction in history as the rapid global spread of coronavirus intensified worries about economic growth. The S&P 500 finished 12% below its Feb. 19 record close, marking its fastest correction ever in just six trading days. The previous record was nine days in early 2018, according to S&P Dow Jones Indices analyst Howard Silverblatt. The Dow registered a record one-day points drop, which was also its fourth 1,000-point decline in history and the second this week. All three major U.S. indexes were also on track for their steepest weekly pullback since the global financial crisis, as new infections reported around the world surpassed those in mainland China. Governments battling the epidemic from Iran to Australia shut schools, canceled big events and stocked up on medical su
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