Despite interest rate cut, stocks plunge and trading is halted
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Despite the Federal Reserve cutting interest rates to near zero, stocks plunged at the opening bell on the New York Stock Exchange Monday on a tide of bad economic news in the wake of the coronavirus outbreak. NBC’s Becky Quick reports. From the White House, NBC’s Geoff Bennett tells TODAY that White House officials and President Trump are watching the market closely.March 16, 2020
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