US stocks dive a daily record 1,190 points on coronavirus fears

Market now in correction territory despite Trump's assurances

20200227N NY stocks correction (REUTERS)

New York stocks fell sharply Feb. 27. All three key indexes closed down more than 10% from recent highs, meaning that they are in a correction. © Reuters

ALEX FANG, Nikkei staff writer

NEW YORK -- U.S. shares sank for a sixth consecutive day Thursday as investor anxiety deepened over the spreading new coronavirus outbreak.

The Dow Jones Industrial Average shed 1,190 points, or 4.4%, to close at 25,766 in the biggest single-day point decline ever. The S&P 500 closed down 4.4%, while the Nasdaq Composite slid 4.6%. All three indexes closed down more than 10% from recent highs, meaning that they are now in a correction.

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