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WALL STREET WHACKED BY OIL CRASH, VIRUS FEARS


(Reuters) - Wall Street’s main stock indexes plummeted and the Dow Jones Industrials crashed 2,000 points on Monday as a 20% slump in oil prices and the rapid spread of the coronavirus amplified fears of a global recession.

Trading was halted immediately after the opening, as the benchmark S&P 500 .SPX tumbled 7% to its lowest since June 2019, triggering an automatic 15-minute cutout originally put in place to avoid a repeat of the "Black Monday" crash in 1987, when the Dow slumped nearly 23%.


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