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Major US stock indexes down about 4% amid concern over coronavirus

UNITED STATES (OBSERVATORY NEWS) — Major U.S. stock indexes are down about 4% in the final minutes of trading amid concern over coronavirus. The Dow is down more than 1,000 points.

The Dow Jones industrial average fell 1197.43 points, or 4.44 percent, to 25,760.16 points.

The Standard & Poor’s 500 Index fell 137.99 points, or 4.43 percent, to 2,978.4 points.

The Nasdaq Composite fell 414.30 points, or 4.61 percent, to 8,566.48 points.

Stocks still aren’t all that close to a bear market, which is defined as 20% or more below the most recent peak. The S&P 500 is 12% below its peak.

Global equities have been selling off around the world all week as investors fret about the spread of the virus.

In the United States, stocks spent all of Thursday in the red, despite a short-lived rebound around midday during which the S&P and the Nasdaq briefly emerged from correction.

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