Stocks Open Sharply Lower After Fed Slashes Rates

U.S. stocks plunged Monday even after the Federal Reserve slashed its benchmark interest rate to near zero as investors remained concerned that the emergency measures won’t suffice to ward off a recession caused by the coronavirus pandemic.

The Dow Jones Industrial Average slid 11%, shaving off 2,640 points. The S&P 500 dropped 11%, and the tech-heavy Nasdaq Composite lost 11%.

Stocks Extend Fall As 'President' Trump Provides 'Update' on Virus 'Efforts' FTFY

O IMPÉRIO EM QUEDA..

Why don’t they just close until this cools off? This is crazy trading. Who are these people who constantly buy and sell on day to day issues and rumors? We boring people buy and hold- for decades

There was bound to be a reaction to trumps test coming back negative

Then Buffet will laugh and happy about the new opportunities to step in and invest, try to catch the later rising trend. Never be afraid of declining because that is the biggest opportunity to gain profits from then on. To grasp the lowest point.😇💰

Only with stocks do people get upset when prices drop.

WajahatAli Don’t worry guys the money investors are pulling out of the market is going to trickle down to the rest of us!

when I was young I would watch movies from America and wonder at the great people being represented on the screen by James Stewart Henry Fonda etc . now I watch TV and your great nation especially your stock exchange is being run by a four time bankrupt conman .

President Trump claimed full credits for the stock market rally for these past 3 years. Now he must also own the meltdown. No, do not blame the Fed or China. Don’t insult my intelligence. The voters will duly pass judgment on his performance, or lack of. COVIDー19

Panic buying at stores ,panic selling stock market. Dumbasses all around

I mean what god does selling everything off if society crashes? Your money is useless.

Based on the the airport pics if just 20 people have the virus, the unthought through travel response just turned airports into breeding grounds for the virus.

RemoveTrumpNow RemoveTrumpNow RemoveTrumpNow

This will all pass within 45 days and the market will hum

Well, Trump can say Obama never did that.

All the Trumpflakes bragging Friday afternoon about the stock market. Look now you idiots, that press conference was another disaster.

I get the impression, you so called market experts do not know what the heck you are doing....

lib_crusher

realDonaldTrump you plan to sign the graph on this one, too?

THE MARKET CRASHED BIGLY!

🎶Why do you have to be a circuit breaker...🎶

Financial crisis?

Recalling the last time the halted seemed to be three or four days ago

I think the Market must be put in quarantine for 14 days.

WSJ plays up bad news and ignores good news. OperationMockingBird

We need a large fiscal measure which will include monthly checks to individuals. Bailout for single industries will not change the perception of (no) potential recovery

ShawnTheAtheist

holy dumpster fire Batman

They need to shut it down for a couple of weeks.

That’s a Greg Popovich infuriated at the defense on the first possession with 11:52 remaining on the clock in the 1st quarter time-out for the stock market right there. NYSE COVID19

So much winning

Just let it crash so I can buy some stocks at an affordable price for once

lib_crusher .realDonaldTrump any comment?

The debate?

The $1.5 Trillion dollar bailout and lowered interest rate sure did save the economy

Again? Again... let’s do it one more time

But

WOW!

Just out of DC: realDonaldTrump will be putting the entire country in quarantine within 72 hours.

lol.

realDonaldTrump FYI

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market live updates: Stocks re-open after halt, Dow drops 2,700, S&P tanks 11%A conversation about the latest market news, including the massive sell-off in stocks and a giant monetary stimulus package from the Fed. Third time's the charm? cricket chirps* What happened to the free market? Oh no supply and demand is doing something the capitalists don't like, shut it off! This shit is all fake
Source: CNBC - 🏆 12. / 72 Read more »

Stock market news live: Stocks plunge, trigger circuit breaker after Fed unveils emergency stimulusMarkets are in for another rollercoaster week, as policymakers continue to ramp up their response to the global coronavirus outbreak. Fed: The biggest stock market drop ever by any president something to put on trump's portfolio
Source: YahooNews - 🏆 380. / 59 Read more »

Stock market live updates: Futures hit 'limit down,' ETFs point to massive losses at the open“Markets should continue to function through times like this,” SEC Chair Jay Clayton says. He adds that “health and safety is paramount.” The market should wash its hands and social distance if it doesn’t want to spread the virus. Hopefully they will halt the markets for next few weeks with this fake hysteria, The WS white collar Taliban and their Russian programmed algos gone wild, while retiree investments are getting wiped out, I warned algos were national national security threat years ago.. JoeSquawk Why does CNBC always bring Navarro on the show? He doesn’t answer any questions, all you get is campaign rhetoric
Source: CNBC - 🏆 12. / 72 Read more »

Stocks briefly halted for trading as markets plunge even as Fed intervenes to calm marketsStocks plunged Monday as the Federal Reserve took emergency action to cushion the economy from the coronavirus pandemic. 😀😀 Well as things are moving along there will come a day when every equity on the Dow will be penny stocks Myself I’d like to see the DJI fall to 10,000!
Source: USATODAY - 🏆 100. / 63 Read more »

A new “Black Monday”—oil and stocks plunge amid coronavirus concernsOn the new “Black Monday”, oil prices crashed, stocks slumped and trading was halted on Wall Street. chowardchoward and our Buttonwood columnist explain what sparked the crude oil price war in “Money Talks” chowardchoward SuddenStop feraagra jorgearturosaza
Source: TheEconomist - 🏆 6. / 92 Read more »

Australian stocks down more than 6% as Fed cuts rates to zeroThe U.S. Federal Reserve slashed its benchmark interest rate to zero and launched a massive quantitative easing program in an emergency move on Sunday. Daar gaat Australië. GOD'S Justice Department it's hard but it's Fair...SOUL_POWER FED SLASHES INTEREST RATES NEAR ZERO TRUMP STILL CLUELESS ACTS LIKE NERO
Source: CNBC - 🏆 12. / 72 Read more »