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Wild stock market swings continue as Dow falls 1,467 points

Wild stock market swings continue as Dow falls about 1,000 points in early trading
Posted at 7:36 AM, Mar 11, 2020
and last updated 2020-03-11 16:02:29-04

NEW YORK — Stocks are falling in Wednesday trading on Wall Street as fears of economic fallout from the coronavirus outbreak grip markets again.

Major indexes are off more than 2% Wednesday, taking about 1,467 points off the Dow Jones Industrial Average on Wednesday.

European indexes were up slightly.

The Bank of England cut its key interest rate as an emergency measure in response to the outbreak of the virus, following similar moves by central banks in the U.S. and Canada.

The European Central Bank is likely to offer support on Thursday. Countries are shifting into damage-control as infections spread, prompting sweeping controls on travel and other public activities.