Stocks slide on Wall Street over coronavirus and oil crash

in DLIKE5 years ago

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Stocks went into a steep slide Monday on Wall Street as a combination of coronavirus fears and a crash in oil prices spread alarm through the market, triggering the first automatic halt in trading in over two decades to let investors catch their breath.

The price of oil sank nearly 20% after Russia refused to roll back production in response to falling demand and Saudi Arabia signaled it will ramp up its own output.


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