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Dow Jones, S&P fall 9% as Donald Trump's Europe travel curbs slam markets

The Dow Jones Industrial Average fell 2,352.6 points, or 9.99%, to 21,200.62, the S&P 500 lost 260.74 points, or 9.51%, to 2,480.64

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A trader reacts as he works on the floor of the New York Stock Exchange (NYSE) in New York City. Reuters

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

President Donald Trump's Europe travel ban, announced late Wednesday, sent all three major US stock indexes into a tailspin, with the S&P 500 and the Nasdaq confirming their first bear market since the financial crisis.

The blue chip Dow suffered its worst one-day loss since October 1987's "Black Monday."

The benchmark S&P 500 and the Nasdaq have lost over a quarter of their value since reaching record closing highs just 16