Wall Street extends sell-off despite historic Fed boost; Dow Jones falls 3%

Wall Street's slide deepened on Monday as the rapidly spreading coronavirus forced more US states into lockdown, overshadowing unprecedented moves by the US Federal Reserve to shore up credit across the economy.

After recently cutting interest rates to near zero, the Fed will now lend against student loans and credit card loans, as well as back the purchase of corporate bonds and make direct loans to companies. Announcement of the extraordinary measures briefly lifted US stock index futures before Monday's trading session.....

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