Market Suffers Worst Loss In The History Of Dow Jones Industrial Average
The stock market suffered another day of volatility on Thursday, with U.S. equity markets plunging into correction territory, after President Donald Trump unveiled his coronavirus task force the day before.
According to Fox Business, the Dow Jones Industrial Average dropped more than 1,193 points — the worst single-point drop ever — as selling picked up pace heading into the close of trading, and both the S&P 500 and Nasdaq Composite were down over 4 percent.
“Both the S&P 500 and the Dow Jones Industrial Average were on track for their sixth straight day of losses,” Fox Business reported.
Just hours after Trump announced the task force, which will be headed by Vice President Mike Pence, the Centers for Disease Control and Prevention confirmed the first case of coronavirus in the U.S. in which they could not determine the source of infection.
More than 81,000 people have now been infected with the virus globally, and 2,762 have been killed, according to the World Health Organization.