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Wall Street Plunges, Biggest Loss Since March
Video Credit: Wochit News
Published on June 11, 2020 - Duration: 00:37s
Wall Street Plunges, Biggest Loss Since March
NEW YORK (Reuters) - Wall Street plummeted on Thursday as investors reacted to renewed fears of a pandemic resurgence and digested dour economic forecasts from the U.S. Federal Reserve.
All three major U.S. stock indexes were down about 5%, posting their worst day since mid-March, when markets were sent into freefall by the abrupt economic lockdowns put in place to contain the pandemic.
The Nasdaq snapped a three-day streak of record closing highs.
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