Five Things You Need to Know to Start Your Day.

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    • Abstract:
      The Fed cut interest rates by half a percentage point in an emergency move. After rallying earlier in the week on anticipation of action, the S&P 500 index fell more than 3% while the 10-year Treasury yield plunged below 1%. The S&P 500 Index fell almost 3% following the Fed's 50 basis-point rate cut and comments from Chairman Jerome Powell that the virus outbreak will weigh on activity "for some time.". [Extracted from the article]
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