Stocks continued their sell-off on Thursday, with the Dow closing down 546 points. The S&P fell more than 2%, and the Nasdaq dropped over 1%, at one point even entering official "correction" territory.
The bottom line: Volatility was the story. Stocks turned positive early but then the Dow fell as much as 650 points before recovering some ground.
Illustration: Aïda Amer/Axios
Four months ago, on the very same weekend, Eliud Kipchoge became the first human to run a marathon in under two hours, and fellow Kenyan Brigid Kosgei shattered the women's marathon record.
Why it matters: Kipchoge and Kosgei were both wearing Nike's controversial Vaporfly sneakers, which many believed would be banned because of the performance boost provided by a carbon-fiber plate in the midsole that acted as a spring and saved the runner energy.
Illustration: Aïda Amer/Axios
Economists are rethinking projections about the broader economic consequences of the coronavirus outbreak after a surge of diagnoses and deaths outside Asia and an announcement from a top CDC official that Americans should be prepared for the virus to spread here.
What's happening: The coronavirus quickly went from an also-ran concern to the most talked-about issue at the National Association for Business Economics policy conference in Washington, D.C.
Illustration: Rebecca Zisser/Axios
Wall Street's two-day-old coronavirus crash is a wakeup alarm for Silicon Valley.
The big picture: Tech has been booming for so long the industry barely remembers what a down market feels like — and most companies are ill-prepared for one.