(CNBC) Stocks fell sharply in volatile trading Thursday as investors worried the coronavirus may be spreading in the U.S. A slew of corporate and analyst warnings on the virus also dragged down the major averages.
The Dow Jones Industrial Average plummeted 1,039 points, or 3.8%. The S&P 500 slid 3.8% while the Nasdaq Composite dropped 4%. The Dow was on pace for its worst weekly performance since the financial crisis, falling more than 10% this week, along with the S&P 500.
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Those losses put the Dow and S&P 500 in correction territory, down more than 10% from its record close. It took the Dow just 10 sessions to tumble from its all-time high into a correction. The S&P 500 and Nasdaq set record highs last week.