Coronavirus fears sent U.S. markets into correction territory on Thursday, down more than 10 percent from record highs after days of losses. The Dow Jones Industrial Average closed Thursday down almost 1,200 points, or over 4.4 percent, while the S&P 500 and Nasdaq Composite were each off 4.4 percent and 4.6 percent, respectively. President Trump has sought to reassure investors that the coronavirus outbreak, which has affected countries around the world, is only a small worry for the stock market. He said Wednesday the market would recover, claiming the U.S. is "really prepared" for the virus and blaming Democratic presidential candidates for the dip. The Dow has lost more than 3,000 points this week.

Scroll for 5 things you
need to know now