Coronavirus outbreak: Wall Street tumbles again as virus cases climb

Stockmarkets fall as a result of coronavirus fears.
The Dow Jones Industrial Average has dropped by more than 4 percent. Photo credit: Getty.

Wall Street’s main indexes plunged on Thursday in their sixth straight day of declines with the S&P 500 confirming its fastest correction in history as the rapid global spread of coronavirus intensified investor worries about economic growth.

The Dow Jones Industrial Average fell 1,197.43 points, or 4.44 percent, to 25,760.16, the S&P 500 lost 137.99 points, or 4.43 percent, to 2,978.4 and the Nasdaq Composite dropped 414.30 points, or 4.61 percent, to 8,566.48.