US stocks sold off sharply on Wednesday, with the Dow falling into a bear market, defined as 20% below its most recent high.
The Dow finished 1,465 points, or 5.9%, lower.
Stocks erased all of Tuesday’s gains. Coronavirus fears again weighed on markets, as the World Health Organization designated the global outbreak a pandemic.
The S&P 500 dropped 4.9%. The index briefly fell into bear market territory in afternoon trading.
The Nasdaq Composite closed down 4.7%.