US stocks plunge despite Fed promises to pump unlimited amount of money into economy

Wall Street’s main indices

Wall Street’s main indices are down after opening on Monday for the first ever all-electronic trading session, which is aimed at protecting New York Stock Exchange employees from the coronavirus.

Both the Dow Jones Industrial Average and the S&P 500 were down around four percent as of 16:00 GMT. The Nasdaq Composite, an index comprised of America’s top technology companies, was down over two percent.

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