BREAKING NEWS

Stocks and bond yields tumbled, suggesting investors think the Fed's interest-rate cut won't contain the economic impact of the coronavirus.

Tuesday, March 3, 2020 4:02 PM EST

The Federal Reserve delivered the emergency rate cut investors had been clamoring for at 10 a.m. on Tuesday. The market rally that followed lasted about 15 minutes.

By the end of trading on Tuesday, stocks were sharply lower and bond yields had plummeted to previously unthinkable lows.

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