US stocks crash as Fed action fails to calm markets

16 Mar, 2020 13:39 / Updated 1 minute ago

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Trading on Wall Street has been halted on Monday after stocks had plunged immediately after the opening bell, despite the promise by the US Federal Reserve to provide more stimulus.

The S&P 500 has plunged more than eight percent while he Dow crashed over nine percent due to a wave of panic selling.

The Nasdaq Composite, comprising the biggest US tech companies, slid more than six percent to 7,392.73.

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