NEW: Egypt is halting all domestic and international flights beginning Thursday, a government spokesman tells ABC News. The announcement was made now to give tourists time to leave the country.
10:01 a.m.: Egypt stopping all flights
The Dow Jones Industrial Average plummeted more than 2,250 points or 9.7% just after trading began. The S&P 500 fell more than 8%, triggering a"circuit-breaker" halt of 15 minutes.The major sell-off comes even after the Federal Reserve made a surprise announcement on Sunday that it's slashing interest rates to near zero and spending $700 billion to buy Treasury and mortgage bonds to help buoy the economy during the coronavirus pandemic.
Tune into ABC News Live at noon ET every weekday for the latest news, context and analysis on the novel coronavirus, with resources from the full ABC News team.New York City will close all nightclubs, movie theaters and concert venues as of Tuesday morning.Also, all restaurants, bars and cafes will be limited to food take-out and delivery.
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