WALL STREET HAMMERED AS FEARS OF VIRUS-DRIVEN RECESSION GROW

(Reuters) - U.S. stock indexes plunged about 7% on Monday, as the Federal Reserve’s drastic interest rate cut to near zero stoked fears of a coronavirus-driven recession.

Trading on Wall Street's three main stock indexes was halted for 15 minutes shortly after the open, the third such pause in six days, as the S&P 500 index .SPX plunged 8%, triggering an automatic cutout. Read More