• Recession fears, stock markets down

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June 11, 2020Wall Street in free fall on fears of a new wave of coronavirus cases and on the gloomy forecast of the Federal Reserve on the American economy. All three major indices recorded losses in excess of 5%. The Dow Jones left 6.9% on the ground at 25,128.17 points while the S&P 500 fell 5.9% to 3,002.10. Technological Nasdaq sank 5.3% to 9,492.43.