Market Extra: Here are 5 reasons the stock market booked its worst decline since 2008, and only one of them is the coronavirus [MarketWatch]
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Here are 5 reasons the stock market booked its worst decline since 2008, and only one of them is the coronavirus The U.S. stock-market rally has unraveled, with a period of historic gains coming to a screeching halt, as fear that the coronavirus epidemic may reach America rattles Wall Street. The Dow Jones Industrial Average DJIA, -1.39% fell into correction on Thursday , widely defined as a drop of at least 10%, but no more than 20%, from a recent peak. The S&P 500 index and the Nasdaq Composite indexes all joined the blue chips in correction territory. However, it is the speed at which the indexes fell into these conditions that has surprised investors and some experts on Wall Street. It was the fastest decline into correction for the Dow, 10 sessions, since the nine-session slump into correction on Feb. 8, 2018. For both the S&P 500 SPX, -0.82% and the Nasdaq COMP, +0.01% it was the fastest retreat on record from a record high, six sessions ago, to correction. Thursday’s d
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