Stock market plunges again, enters 1st correction in 2 years
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February 9, 2018
NEW YORK (AP) — The Dow Jones industrials plunged more than 1,000 points Thursday, deepening a weeklong sell-off and dragging the stock market into an official "correction" for the first time in two years as fearful investors sought to get out before their losses mounted.
The rout marked a stark turnabout in investors' mood from just two weeks ago, when indexes set their latest record highs. Since then, the Dow and the Standard & Poor's 500 have fallen 10 percent, Wall Street's traditional definition of a correction.
"In January, we talked about fear of missing out. What we have now is what I...
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