All three indexes entered corrections territory Thursday.
All three stock indexes fell by over 10% from previous record highs as of Thursday morning, indicating markets have plunged into correction territory amid the ongoing panic over coronavirus—and are now on pace for their worst week since the 2008 financial crisis.
The S&P and NASDAQ also posted 2% losses Thursday morning, meaning this week was the markets’ worst since the 2008 crisis that sparked the Great Recession. The sell-off illustrates investor fears are increasing despite President Trump’s assurances around the Coronavirus yesterday, saying,"the risk to the American people remains very low,” and “we’ve done a great job in keeping it down to a minimum.”no earnings growth for U.S. companies as a result of the coronavirus, but some forecasters still predict 7% growth.
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