Plunging Wall Street stocks end record bull run

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Wall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets

NEW YORK - .

Trump’s sweeping travel restrictions, limiting flights from continental Europe to the United States, sent European shares to a near four-year low and slammed airline stocks, already battered by the spread of COVID-19.Boeing Co fell another 18.1% as J.P.Morgan abandoned its long-term backing for the company’s shares, setting the planemaker on course for its worst week ever.

The New York Federal Reserve announced on Thursday that it would introduce $1.5 trillion in new repo operations this week. Interest rate-sensitive bank shares .SPXBK dropped 10.5%, while corporate credit worries hit bond fund prices as companies began to draw on credit lines.

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