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Dow sinks 2.9% after rate cut fails to stem market's dread

by AP Business Writer
| March 3, 2020 1:30 PM

NEW YORK (AP) — Fear and uncertainty continue to control Wall Street, and stocks fell sharply Tuesday after an emergency interest-rate cut by the Federal Reserve failed to reassure markets wracked by worries that a fast-spreading virus will slam corporate profits and the economy.

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