A currency trader walks by screens showing the Korea Composite Stock Price Index , left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room in Seoul, South Korea, Tuesday, March 24, 2020. Asian stock markets gained Tuesday after the U.S. Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package.
Top congressional and White House officials said they expect to reach an agreement Tuesday, though some issues remain. Investors have been frustrated waiting for the U.S. government to do what it can to help the economy, which is increasingly shutting down by the day, after the Federal Reserve has done nearly all it can.
Ultimately, investors say they need to see the number of new infections peak before markets can find a bottom. The increasing spread is forcing companies to park airplanes, shut hotels and close restaurants to dine-in customers. Altogether, estimates suggest at least 10% of the U.S. economy is shutting down, according to Rob Sharpe, head of investments and group chief investment officer at T. Rowe Price.
To support the economy while health experts work to corral the virus, the Federal Reserve on Monday pledged to buy as many Treasurys and mortgage-backed securities as it takes to keep lending markets working smoothly. It’s the latest in a string of extraordinary moves by the U.S. central bank. “Everyone was prepared for a set of shockers, and that is precisely what we got, but they are not a surprise,” said Chris Beauchamp, chief market analyst at IG. “It is at times like this that the market’s propensity to look forward is demonstrated most effectively.”
Why you always giving stock a fancy title when it move up and down? It has nothing to do with any news, the market will go down to 16000 and it can’t go straight down , it needs to bounce up to get the speed and go down more, it’s common sense , you just want to trick stupid buy
Morning_Joe BailoutTheRichMitch deflects from what he's really doing with his bill...giving bailouts to the corporate donors.
Morning_Joe If anyone can help My family out I have 5 children and I can't Afford to go out and buy 5 computers for online Schools that are in place So if can help DM and it's greatly appreciated
but still NO HELP for US
Stocks behave differently than reality. There's so much for an elite few to lose. Can't have that. We'd lose the trickle down teat. .
FOR THR RICH ONLY!
Media- Research and print the names and amount of stock/ bond purchases elected officials and their spouses, children, and siblings purchased during this financial crisis. Include non elected billionaires and millionaires. I imagine there was a huge money grab at our expense.
This clinches it, they are going to let us die.
Morning_Joe No worries at all that trump said he's going to direct where the money goes. After all, what could go wrong when a man who stole from his own charitable fund and is prohibited from forming another doles out our money
This is why the Democrats are stalling they know once this goes through the economy goes through the roof again and we win
JonLemire Dead. Cat. Bounce.
Who cares. It’s about the people now, not stock markets.
While Nancy Pelosi want to go on a spending spree
Morning_Joe market is up 7% in 15 mins. on the news that we’ll be handing our children and grandchildren $2T in additional debt. As we find a new normal, may it include listening to our children, grands, and the poor who will inherit the results of short term thinking & poor decisions.
Morning_Joe Thank the Democrats for this.
Sadly the numbers of the dead is getting higher💔.. who cares about the market !
Morning_Joe This is why jealous JoeNBC and goofy morningmika are jokes. Shhh nothing to see here Clyburn On Democrats’ Coronavirus Bill Agenda: ‘Tremendous Opportunity To Restructure Things To Fit Our Vision’
Still down 10000 points in six weeks.
Let me know when it jumps 7,000 pts thanks..
And they will crash again when Democrats continue to hold virus funding hostage
No They are rallying based on Trumps news conference yesterday that indicated a change in direction meaning we might restart our economy sooner
Let's ROLL!!
Why are Democrats blocking a bill that will help American workers
Not going to last
More suckers getting pulled in for a fleecing.
I don’t care about the stupid stock market rn. Thank you.
So Wall Street is fine and doesn't need a bailout. More power to the people NotDying4WallStreet
STOP PIGGYBACKING CRAP ONTO A PANDEMIC RELIEF BILL Democrats WTF Get it done with NOTHING ADDED. YOU SUCK
Testing, isolation, and lockdowns. Do it now.
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.
Source: WSJ - 🏆 98. / 63 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: Forbes - 🏆 394. / 53 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: Forbes - 🏆 394. / 53 Read more »