The Dow Jones Industrial Average plummeted 879 points on Tuesday as fears of the highly contagious COVID-19 coronavirus slowing the global economy mount.

The S&P 500 settled at 97.68 S&P and the Nasdaq Composite was fixed at 255.67 at the market close, adding to the sharp decline already endured by US stocks this week.

“Volatility is normal,” Art Hogan, chief market strategist at National Securities, told CNBC on Tuesday. “What’s scary about this particular drop from the all-time high is it has snuck up on us so quickly in a short period of time.”

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