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The Covid-19 crisis underpins these changes, many reflecting relaxed rules under the CARES Act.
The decline was linked to the May futures contract, which expires tomorrow, forcing sellers to find buyers.
Strategists weigh in on the challenges created for investors.
A New York Fed survey of consumers shows growing expectations of job losses and spending declines.
The Covid-19 pandemic is up-ending the ordinarily sleepy market.
Peg Broadbent is the first Wall Street executive known to have died of the virus.
The Fed took unprecedented steps; meanwhile, a Senate vote on a stimulus bill failed Monday afternoon.
The coronavirus pandemic is a shock to economies that were already weakening, he says.
Swift, strong action could help prevent a major economic crisis, economists and strategists say.
The Fed's surprise rate cut Sunday foretells "an avalanche of horrible data in the next few weeks," an economist says.