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Feb. 27, 2020, 4:04 p.m. EST

Dow plunges nearly 1,200 points and closes in correction territory as coronavirus fears dog Wall Street

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By Mark DeCambre

U.S. stock benchmarks on Thursday finished more than 4% lower and tumbled into correction territory as a sharp retreat for risk assets accelerated into the close on Wall Street. Fears about an outbreak of COVID-19, the infectious disease that reportedly originated in Wuhan, China, late last year, have helped to drive stock benchmarks sharply lower this week. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -4.44% closed down about 1,200 points, or 4.4%, at 25,763, while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -4.41% closed down 4.4% at 2,978, breaking below a psychological level at 3,000, and the Nasdaq Composite Index /zigman2/quotes/210598365/realtime COMP -4.41% finished off 4.6% at 8,566. A correction is widely viewed as a 10% drop from a recent peak, but not greater than 20%.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
20,943.51
-973.65 -4.44%
Volume: 508.31M
April 1, 2020 5:09p
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/zigman2/quotes/210599714/realtime
US : S&P US
2,470.50
-114.09 -4.41%
Volume: 3.67B
April 1, 2020 5:09p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
7,360.58
-339.52 -4.41%
Volume: 3.23M
April 1, 2020 5:16p
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