U.S. stocks plunge with stimulus details uncertain

The economic fallout from the pandemic continues to outpace the massive response from governments and central banks. (Bloomberg)—Financial markets spasmed, sending U.S. stocks down to levels in Descember 2018 and Bloomberg’s dollar index to a record, as the economic fallout from the pandemic outpaces the massive response from governments and central banks. The S&P 500 fell more than 7 percent on Wednesday, triggering a 15-minute pause, with stocks adding to...