Stocks Lose Steam After Fed Vice Chairman Says Economy Needs More Support

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Stocks finished slightly higher today, but the market cut its gains after Federal Reserve Vice Chairman Richard Clarida warned that the economy would need more support to rebound by skleb1234

The Dow Jones Industrial Average was up 0.6%, over 100 points higher, on Tuesday, while the S&P 500 rose 0.9% and the Nasdaq Composite gained 1.1%.

Stocks rose as investors became more optimistic about several states—including Georgia and Florida—beginning to reopen businesses and lift coronavirus lockdowns.on Monday, for instance, that some of the state’s retail businesses would be allowed to reopen on Friday if they offer curbside pickup.in the U.S. by the end of the week, which sent its stock over 2% higher.warned of a potential bankruptcyWhile stocks were up by around 1.

 

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skleb1234 Vice Chairman Richard Clarida needs to be fired. He is either flat out lying are does not know what he is doing. He needs to go back to school and take a course in economics. The economy is getting the greatest support in history since Trump took over. It will continue to grow

skleb1234 Maybe I am enough cleaver but how the stock rise with an economy so near the depression ? I have no doubt it's the Fed wich made Monopoly monney and the rest of the others countries buy the US debt,

skleb1234 Yes buy out some more Zombie companies

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