Feb. 27 (UPI) -- The three major U.S. markets entered correction territory on Thursday as concerns about COVID-19 grew.
The markets dropped 10 percent below their record closes with the Dow Jones Industrial Average falling 1,190 points, or 4.42 percent. The S&P 500 also fell 4.42 percent and the Nasdaq Composite dropped 4.61 percent as new cases of the coronavirus disease emerged worldwide including the first community transmission in the United States.