US STOCKS-Wall Street flirts with correction amid pandemic fears

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While U.S. stocks had pared losses in early afternoon trading, the S&P 500 fell as much as 11.2% from its record closing high hit on Feb. 19 and the Nasdaq dropped 12.2% from its own peak. The Dow Jones Industrials declined 12.1% from its Feb. 12 closing high at session lows. The indexes were set for their steepest weekly pullback since the global financial crisis, as new infections reported around the world surpassed those in mainland China.

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