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Financial sector slumps on Fed's surprise rate cut
Tech stocks plummet as Apple, Microsoft weigh
Retail stocks tumble as Nike, Lululemon to close U.S. stores
Energy stocks slump as oil prices fall below $30/barrel
Indexes plunge: Dow 10.03%, S&P 9.72%, Nasdaq 9.49% (Updates to the open)
By Sanjana Shivdas and Medha Singh
March 16 (Reuters) - S&P 500 companies lost more than $2 trillion in value in the first few minutes of trading on Monday as investors panicked about the mounting damage from the coronavirus pandemic on the global economy.