Stock market enters 'fastest' correction in history

Stocks.
(Image credit: JOHANNES EISELE/AFP via Getty Images)

Coronavirus fears sent U.S. markets into correction territory on Thursday, down more than 10 percent from record highs after days of losses, reports CNBC.

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.

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