to help the bond market, companies and consumers — and the central bank's vow to use"its full range of tools."
The Dow was down more than 300 points, or 1.6%. The S&P 500 index was also down about 1.6%. The Nasdaq was down 0.3%. The Dow has plunged about 36% from its February high.. On Monday, the central bank said it will buy bonds and mortgage-backed securities"in the amounts needed" to keep markets working smoothly. And it said it expects to announce a"Main Street Business Lending Program to support lending to eligible small-and-medium sized businesses.".
"We've known that the magnitude of help needed has been massive and growing for days now," said Mark Hamrick, senior economic analyst for Bankrate."The Federal Reserve continues to do all it can to keep markets operating. Now, the spotlight is on elected leaders to do their jobs as well."
Where are the people who are taking money out of the market put that (ephemeral , hypothetical, make believe) money ?
TheTrumpDepression
Like my daughter and I said last night. For those of us at the bottom with zero savings, zero retirement, zero stocks or bonds & no businesses ownership LET THEM ALL CRUMBLE!!! best way we can all get on same playing field. When politicians and public radio people are wealthy
Still trying to wrap my mind around the fact that “the greatest (strongest) economy in the history of the world” could not be paused for a week without total collapse. Really starts to feel like it was a confidence game that got out of control and everyone looked the other way.
MAGA
I'm starting to panic. Can someone give us a 'worst case scenario?'
And the dems are rejoicing. These people are sick. TheGreatAwakening
A dirty sock would be a better asset to fight the coronavirus instead of Failure in Chief realDonaldTrump
This is depressing.
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