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Dow suffers worst fall since 1987 despite Fed injection

Circuit breakers triggered again as coronavirus fear grows

A trader on the floor of the New York Stock Exchange.   © Reuters

NEW YORK -- U.S. stocks tumbled almost 10% on Thursday in the biggest single-day drop since Black Monday in 1987 on fears of a global slowdown due to the new coronavirus.

The market experienced a brief bounce in the afternoon after the Federal Reserve Bank of New York moved to vastly expand support for the money market, only to crash deeper toward the end of trading.

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