Wall Street set to crash again after Fed slashes rates

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Wall Street set to crash again after Fed slashes rates
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Wall Street looked set to crater on Monday as fears of a coronavirus-driven rece...

Traders work on the floor of the New York Stock Exchange after the opening bell of the trading session in New York, U.S., March 13, 2020. REUTERS/Lucas Jackson

S&P 500 futures EScv1 fell 4.77% to hit a daily down limit in early trading, and S&P 500 ETFs plunged 9%, suggesting the benchmark index would set off a 15-minute cutout at 7% put in place to prevent another 1987 “Black Monday”-style crash.

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