NEW YORK - Wall Street stocks plunged more than 10 per cent early Monday as panic over the economic hit from the coronavirus outbreak offset emergency moves by the Federal Reserve.
The broad-based S&P 500 sank 10.6 per cent to 2,422.69, while the tech-rich Nasdaq Composite Index dove 10.5 percent to 7,051.77. Manufacturing activity in New York state fell to its lowest level since 2009, according to the New York Federal Reserve Bank's monthly industry survey, among the first datapoints to show a massive hit from the Covid-19 outbreak.
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