Stock market live updates: Dow down 200, New Yorkers ordered to stay home, Amazon leads tech

The Federal Reserve Bank of New York announced it will increase its daily repurchase agreement operations to $1 trillion for the rest of March. Repos are when banks submit high-quality collateral, such as Treasurys, in exchange for reserves from the Fed. Banks then use the money to fund their short-term operations.

Just five days ago, the economists had expected a 5% decline in the second quarter and a flat first quarter, but they said the sudden shutdown of large parts of the economy due to the virus is hitting the economy hard in the first and second quarter.12:19 pm: Stock losses accelerate in an effort to blunt the impact of the coronavirus. Mnuchin added that, at President Donald Trump's direction, all taxpayers and business will have this additional time to "file and make payments without interest or penalties." —Analysts upgraded a slew of stocksWells Fargo upgraded Uber to overweight from equal weight.Bank of America upgraded Nike to buy from neutral.JPMorgan upgraded Tyson Foods to overweight from neutral.

Wow 😳

A trillion here, a trillion there... pretty soon we’re talking real money.

BCBacker MoonLamboio galgitron ArcadeXrp Ok - we know the dollar ultimately is going to devalue; Not getting why falling USD necessarily means rising XRP? I get why gold or BTC will move - but other than complete loss of faith in FIAT - why would XRP price move up?

This money cannot flow to prop up stock markets, WallSt, it should be to help the workers who prop up the whole country! maga cnbc KeiserReport coronavirus

Nice Fed must be anchored down in front of screen watching the markets, seems every time the markets slides, they come out with another spin headline.. let's see how many more of the spins from now to closing...

Just make it $10 trillion and then we won't have to hear about this everyday.

The fuck!!!! Don’t do that.

We were told last week that 'at least we don't have the same financial problems as 2008. It's a biology problem, not financial.' Now we have financial problems.

And yet congress still hasn’t released a plan to get cash directly to Americans 🤦‍♂️

As the republican senators sell and by stock

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Stock market live Wednesday: Dow drops 1,300, trading halted again, Ackman says shut down country“I’d definitely call it a panic in the markets,” investor Bill Miller said yesterday about the recent coronavirus-induced volatility, which he calls the 5th great buying opportunity of his adult lifetime. But he adds, “it takes a lot to maintain a panic.” I can't make bills if I miss two more weeks. It makes me sick to hear these folks gloating over profiting off of this crisis.
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Source: CNBC - 🏆 12. / 72 Read more »