BREAKING NEWS

Global markets fearful of the spread of the coronavirus tumbled for a sixth day, dragging the S&P 500 down more than 10 percent in just a week.

Thursday, February 27, 2020 4:07 PM EST

The S&P 500 fell 4.4 percent on Thursday, the worst single day slide for the market since August 2011. The index is on pace for its worst weekly performance since the 2008 financial crisis. Stocks in Europe and Asia were also hard hit on Thursday.

The sell-off came after public health officials in the United States and Germany said new patients in each country had no known connection to others with the illness, a development that could complicate efforts to track the virus. Cases of the virus have appeared in at least 47 countries.

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