Five Hundred Points in 45 Minutes: Dow Close Runs Street Ragged
- U.S. stocks suffer worst battering since August 2011
- Threat of virus spread rises, hammering global growth calls
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A week that has served up more harrowing moments for traders than sometimes happen in a whole year turned terrifying into Thursday’s close. Stock indexes lurched to the biggest one-day loss in almost nine years as coronavirus anxiety started feeling like panic.
Forget the complacency of January: the Dow Jones Industrial Average plunged 500 points in 45 minutes and the Cboe Volatility Index closed at its highest point since 2015. Here’s what traders said it was like at their firms.