S&P, Dow grind lower as virus response falls short
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(Reuters) - Wall Street drifted lower on Thursday as policymakers pulled out all the stops to try and stave off a deep and lasting coronavirus-driven recession and its damaging fallout on corporate America.In its latest move to stabilise panicked financial markets, the U.S. Federal Reserve opened swap lines with central banks in nine new countries to ensure the world's dollar-dependent financial system continued to function.That was the latest in a host of emergency actions taken by the U.S...