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The Dow shed more than 1,400 points during the session, sending it more than 20% below its recent high from February and into a bear market.
Midday Wednesday, the World Health Organization officially designated the coronavirus outbreak a pandemic, as the virus spread across more than 100 countries and infected well over 100,000 individuals. The Dow sank more than 1,200 points following the announcement.
Stocks’ afternoon leg lower extended declines from earlier in the regular and overnight sessions.