BREAKING NEWS

U.S. stocks fell sharply again as fears over the coronavirus grew. The drastic selloff could push major indexes down 10 percent from their highs.

Thursday, February 27, 2020 9:53 AM EST

Stocks on Wall Street fell sharply in early trading on Thursday, in the sixth straight day of losses for the S&P 500 as investors continued to react with fear to the spreading coronavirus outbreaks.

The selling could push major benchmarks in the United States into a correction, a term used to indicate that the index is down more than 10 percent from its most recent high. Before trading began Thursday, the S&P 500 was down almost 8 percent from a record reached last week. The Dow Jones industrial average was down about 9.6 percent from its peak earlier in February.

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