Dow Jones Craters Another 1200 Points On Virus Fears

MarketWatch reports:

Investors’ growing fears about virus outbreak sends Dow Jones Industrial Average down about 1,200 points. At last check, the decline would rank within the top 20 for the Dow’s steepest weekly selloffs, with a drop of 9.18%, according to FactSet data.

The worst week for the Dow was the 18.15% drop during the period ended Oct. 10, 2008, according to Dow Jones Market Data and data from FactSet.

It also would rank as one of the worst weeks for the other benchmarks too. With the S&P 500 SPX, -4.42% and the Nasdaq Composite Index COMP, -4.61% headed for their worst weeks since the 2008 financial crisis, when markets were rocked by the creation of complex mortgage securities that spread across the globe.