Dow drops 1190 points amid coronavirus fears, S&P 500 sees fastest correction in history

Markets plunged for the sixth consecutive day on Thursday, with coronavirus fears shaving over 1,100 points off the Dow — its biggest in history — and sending the S&P 500 Index swooning to its fastest-ever correction.

Investors took fright amid the first coronavirus case in the U.S. involving a person who didn’t travel to an infected country and didn’t knowingly interact with someone who did. Meanwhile, California’s governor said the state is monitoring more than 8,400 people who could possibly have the virus.

The virus continues to spread globally, with...