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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

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