Wall Street slides as Fed boost fails to assuage virus worries

FAN Editor
Traders work on the floor of the NYSE in New York
FILE PHOTO – Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020. REUTERS/Lucas Jackson

March 23, 2020

(Reuters) – U.S. stocks opened lower on Monday as a brief spurt of optimism from an aggressive credit boost by the Federal Reserve was overshadowed by the still rapidly spreading coronavirus pandemic.

The Dow Jones Industrial Average <.DJI> fell 145.62 points, or 0.76%, at the open to 19,028.36. The S&P 500 <.SPX> opened lower by 14.21 points, or 0.62%, at 2,290.71. The Nasdaq Composite <.IXIC> dropped 32.23 points, or 0.47%, to 6,847.28 at the opening bell.

(Reporting by Sagarika Jaisinghani in Bengaluru; Editing by Arun Koyyur)

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