NEW YORK
Stock values in the United States tumbled again on Monday despite a Federal Reserve decision to cut interest rates and allay investor fears over a coronavirus pandemic that has claimed almost 7,000 lives globally.
The Dow Jones stock market index fell by almost 3,000 points — representing a 12.9 percent drop and the worst single day of losses the U.S. economy has seen since 1987 in a worrying sign of a nearing recession.
The markets fell despite moves by the Federal Reserve on Sunday to cut interest rates and keep the economy liquid by announcing a big fiscal
