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US: Dow ends session 12.9% down as virus slams economy

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[NEW YORK] Wall Street stocks had their worst day since 1987 on Monday, joining the global market carnage as the coronavirus outbreak shut down a widening part of the US and global economy. Read more at The Business Times.

"The market will take care of itself," Mr Trump told reporters at a briefing."The market will be very strong as soon as we get rid of the virus."

"There is a pyramid of uncertainty," said Quincy Krosby, chief market strategist for Prudential Financial."And the markets are responding to that."

 

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