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Dow slides 3,000 as coronavirus shuts down America

Worst point loss in history despite Fed's big rate cut

A man in a surgical mask walks by the New York Stock Exchange as the coronavirus continued to pound the market on March 16.   © Reuters

NEW YORK -- U.S. equities plunged again Monday as drastic action by the Federal Reserve failed to assuage investors' fears about the economic impact of the coronavirus pandemic.

The Dow Jones Industrial Average closed 2,997 points lower at 20,188, the worst point loss in history. The 13% drop was the largest since Black Monday in 1987.

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