U.S. Stock Market Continue to Fall amidst Ongoing Coronavirus Fears

By Justin Pei

Rochester — U.S. stocks are still reeling Thursday from Coronavirus fears following new warnings from the U.S. Center for Disease Control that the virus was becoming a very real threat to western countries.

The Dow Jones Industrial fell up to 960 points on Thursday before rebounding back a bit. By midday, the Dow was down 2.38% or 641.45 points. The S&P 500 bounced back from correction territory and was down 1.3% midday.

Both indexes are on track for their worst week since the 2008 financial crisis. The Nasdaq Composite also recovered from morning lows, but remained in correction territory. The index was down 2.26% or 201.94 points during late market trading.

By Ping Jun Yang

In the energy sector, U.S. crude oil prices fell again as investors worry about a drop in demand from China, the largest consumer of crude oil. Oil futures were down 3.20% at $47.17 per barrel.