Close the markets? It won’t happen, Mnuchin says

New York (AFP) – The Great Depression closed Wall Street and so did 9/11, but as the coronavirus hammers the global economy and likely sends the United States into recession, Treasury Secretary Steven Mnuchin on Tuesday ruled out a temporary closure of the stock markets.”We absolutely believe in keeping the markets open,” Mnuchin said at the White House. “Americans need to know they have access to their money.”As businesses have slowed or shuttered operations globally, the benchmark Dow Jones Industrial Average has lost more than 25 percent of its value since mid-February, while the “circuit b…

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