The Dow industrials fell about 500 points, putting the index on track to close the day in correction territory, a 10% decline from recent high
Global stocks, U.S. government bond yields and oil prices tumbled Thursday, extending losses as investors braced for a drop in business activity and corporate earnings following the spread of the coronavirus.
The Dow Jones Industrial Average fell almost 2%, or 505 points, in early trading, putting the index on track to close the day more than 10% below its recent high. Such a move would be considered a correction.
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