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U.S. Stocks Plunge 12% in Biggest Rout Since 1987: Markets Wrap

  • S&P 500 wipes out 2019 gain, Dow average loses 3,000 points
  • Trump warns that virus may disrupt life into July, August
Bloomberg business news
Strategist Ian Harnett Sees 'Multiphase Downleg' Ahead for StocksSource: Bloomberg)
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The stomach-turning ride on global financial markets took a dramatic turn Monday, with U.S. stocks plunging the most since 1987 after President Donald Trump warned the economic disruption from the virus could last into summer.