Major North American indexes continued to plunge Thursday after as news of large-scale cancellations failed to ease investors’ concerns about the spread of the novel coronavirus pandemic.

The S&P/TSX composite index plummeted 1,761.64 points, or 12.34%, to 12,508.45 with every sector in the red.

In New York, the Dow Jones industrial average dropped 2,352.60 points, or 9.99%, to 21,200.62. The S&P 500 index shed 260.74 points, or 9.51%, to 2,480.64, while the Nasdaq composite fell by 750.25 points, or 9.43%, to 7,201.80.

The Canadian dollar traded for US72.36¢ compared with an average of US72.75¢ on Wednesday.

The April crude contract fell US$1.48 to US$31.50 per barrel and the April natural gas contract shed 3.7 cents to US$1.841 per mmBTU.

The April gold contract declined by US$52.00 to US$1,590.30 an ounce and the May copper contract dropped by nearly US3¢ to roughly US$2.47 a pound.