Stocks Plunge 10% in Dow’s Worst Day Since 1987

“The selloff in U.S. stocks gathered pace Thursday with the Dow Jones Industrial Average falling nearly 10% in its worst day since the 1987 crash, while the S&P 500 and Nasdaq joined it in bear-market territory,” the Wall Street Journal reports.

“The furious falls in share prices on rising fears of a global slowdown due to the rapid spread of coronavirus occurred despite a $1.5 trillion intervention in short-term funding markets by the Federal Reserve.”