The Dow Jones Industrial Average sank by more than 700 points at the start of Friday trading, falling 2.8 percent. The S&P 500 index also fell 2.6 percent, while the Nasdaq composite took a loss of 2.4 percent.
All three major indexes have fallen more than 10 percent below their most recent peaks, which is the formal threshold for a correction. Wall Street has suffered its worst week of losses since the 2007-08 financial crisis as public health officials warn of a likely coronavirus outbreak within the U.S. Continue reading.