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Dow Jones Industrial Average currently down more than 1,100 points

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Posted at 1:33 PM, Mar 05, 2020
and last updated 2020-03-05 15:33:08-05

As COVID-19, better known as coronavirus, continues to spread in the United States, the Dow Jones Industrial Average took a nosedive on Thursday.

Minutes ahead of its close, the Dow was down more than 1,100 points.

Thursday's losses come after a few days of wins for the stock market. Bolstered by a surprise cut in interest rates by the Fed, the stock market peaked at 27,000 points at midday Wednesday.

As of 3:30 p.m. Thursday, the down had dipped back down under the 26,000 threshold.

This story is breaking and will be updated.