The S&P 500 pulls off its quickest correction since the Great Depression

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The S&P 500 slipped into a correction after its 4.4 drop on Thursday, the dourest warning yet of the coronavirus' drag on US stocks.

The six consecutive days of drops mark the benchmark index's quickest correction since 1933, when the S&P 500 plummeted 13.3 in two days, according to The Financial Times.

A correction is defined as a 10 drop from a record high.

The index's massive drop arrived as new virus deaths outside of China ratcheted up concerns that the outbreak would escalate to an economically crippling pandemic.

Monitor the S&P 500 live here.

The S&P 500 slipped through the week to post its fastest correction since the Great Depression as fears of a coronavirus-driven recession tore into markets around the world.

The key index notched its biggest single-day drop since 2011 on Thursday after plunging 4.4 . The S&P 500 index wiped out its year-to-date gains after its Monday and Tuesday slumps and now sits 9 below where it closed December 31.See the rest of the story at Business InsiderNOW WATCH: This animation shows how far your sneeze can actually travelSee Also:These are the 3 best trades to help protect investors from coronavirus turmoil, UBS saysBLACKROCK: Coronavirus fears have upended the most enduring drivers of stock returns. Here are 3 ways to stay afloat and beat the market.'It's a clear bubble': A former Goldman Sachs hedge fund chief sounds the alarm on flailing stocks and warns the nefarious effects of coronavirus have 'only just started'

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