Stocks globally plunged Monday even after the Federal Reserve slashed its benchmark interest rate to near zero as investors remained concerned that the emergency measures won’t suffice to ward off a recession caused by the coronavirus pandemic.
Futures tied to the Dow Jones Industrial Average dropped almost 5%, signaling that the gauge of U.S. blue-chip stocks will start the week about 1,000 points lower. Trading limits prevent futures from losing more than about 5% in out-of-hours trading.
…
