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Historic Sell-Off Follows Trump's Travel Ban

Mar 13, 2020 - The New York Times

Stocks plunged on Thursday as President Trump's latest effort to address the coronavirus outbreak -- a ban on entry to the United States from most European countries -- disappointed investors who have been waiting for Washington to take steps to bolster the economy.

Trading was turbulent, with stocks staging a brief comeback after the Federal Reserve decided to offer at least $1.5 trillion worth of loans to banks to help smooth out the functioning of the financial markets. But the selling ...