US stocks hit again as markets look for policy response
Action by Bank of England eases pressure in UK.
NBR staff Thu, 12 Mar 2020
After a brief respite yesterday, US sharemarkets slumped again overnight with the S&P500 closing down 4.9% and its narrower cousin, the Dow Jones Industrial Average, down 5.9%.
The latest falls put the benchmark indexes down 19% and 20% respectively since their February peaks and were seen as