Updated Feb 27, 2020 - Economy
Stocks fall 4% as sell-off worsens
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A trader on the floor of the New York Stock Exchange. Photo: Johannes Eisele/AFP via Getty Images
Stocks fell more than 4% on Thursday, extending the market’s worst week since the financial crisis in 2008 following a spike in coronavirus cases around the world.
The big picture: All three indices are in correction, down over 10% from recent record-highs, amid a global market rout. It's the S&P 500's quickest decline into correction territory in the index's history, per Deutsche Bank.
