Virus Anxiety Triggers Biggest 1-Day Market Drop Since 2011

Worldwide markets plummeted again Thursday, deepening a weeklong rout triggered by growing anxiety that the coronavirus will wreak havoc on the global economy.

  • Published 27 February 2020

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

Worldwide markets plummeted again Thursday, deepening a weeklong rout triggered by growing anxiety that the coronavirus will wreak havoc on the global economy. The sweeping selloff gave U.S. stocks their worst one-day drop since 2011. The Dow Jones Industrial Average tumbled nearly 1,200 points. The S&P 500 has now plunged 12% from the all-time high it set just a week ago. That puts the index in what market watchers call a “correction,” which some analysts… Read at AP News