Markets slide despite stimulus from Fed | 3/16/2020



U.S. equity markets plunged Monday after the Federal Reserve took emergency action to combat the economic harm caused by the new coronavirus outbreak. The Dow Jones Industrial Average fell by more than 2,800 points, or 12 percent, at its worst levels while the S&P 500 and Nasdaq Composite were down 10.6 percent and 11.5 percent, respectively. Trading was ]for 15 minutes shortly after the opening bell due to the S&P 500’s decline of more than 7 percent.

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