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27.02.2020 16:32:37

The Dow is on track for its worst weekly slide since the 2008 financial crisis

Has the stock market had a more brutal week? Sure, but not many. Stocks on Thursday were in a nearly unmitigated selloff prompted by coronavirus fears that could amount to the worst week for the major equity indexes since the 2008 financial crisis. The Dow Jones Industrial Average was pace for its steepest weekly slide, down 9.4%, since Oct. 10, 2008, when it skidded 15.3%. The S&P 500 index was most recently off 9.3%, which would also represent its sharpest weekly slump since a 18.2% decline in October of 2008. The Nasdaq Composite Index Nasdaq was off 9.4% for the week and set for its sharpest weekly skid since 2008. All three benchmarks fell into correction territory early Thursday, defined as a drop from a recent peak of at least 10%, but not greater than 20%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Weiter zum vollständigen Artikel bei "Market Watch"