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."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks and Oil Fall as Coronavirus Cases SurgeGlobal share benchmarks and oil prices fell at the start of the week’s trading, as the coronavirus pandemic worsened and U.S. lawmakers failed to reach a stimulus deal. yay cheaper gas Mañana pongo gas 🚘⛽ GOP TheDemocrats SpeakerPelosi SenSchumer realDonaldTrump AndrewYang JoeBiden BernieSanders AOC senatemajldr Millions are laid off & have rent, mortgages & bills due on the 1st. It’s becoming clear NOBODY IS COMING TO SAVE US. StimulusPackage2020 CoronavirusPandemic
Source: WSJ - 🏆 98. / 63 Read more »
Coronavirus live updates: Italy's death toll crosses 5,000, Australia stocks fallThe Italian health ministry said as of 6 p.m. local time on March 22, at least 5,476 people have died due to COVID-19. Thx for the Chinese coronavirus CCPVirus ChineseVirus BidenInsultBot
Source: CNBC - 🏆 12. / 72 Read more »
Stocks have 'at least 10% to 15%' further to fall: ScaramucciThe U.S. is in a 'protracted bear market' and stock prices could fall further, according to Anthony Scaramucci, an investor and former White House communications director. That's literally 1 day if trading. Ok Oh no
Source: CNBC - 🏆 12. / 72 Read more »
Stocks Fall Despite New Fed Intervention, Investors Await Disputed Coronavirus Relief PackageStocks fell this morning, even as the Federal Reserve pledged unlimited asset purchases to support the market and Congress nears an agreement on a massive coronavirus relief bill by skleb1234 skleb1234 🤦♂️ skleb1234 Thank you Nancy Pelosi. I understand stock price on witch’s brooms are up! skleb1234 The cure for the market is a cure for the virus. A cure for the markets w/o a cure for the virus is smoke and mirrors.
Source: Forbes - 🏆 394. / 53 Read more »
Stocks poised to extend losses Monday as stimulus bill stalls in CongressStocks were poised to extend losses Monday after posting their worst week since the financial crisis, as Congressional legislation to fight the coronavirus pandemic hit an impasse in Congress. 😥 They didn't hit an 'impasse'. The Democrats blocked the legislation. Hope will recover soon 😥
Source: USATODAY - 🏆 100. / 63 Read more »
Australia stocks plummet nearly 8% as coronavirus uncertainty continues to roil marketsStateside, U.S. stock futures hit 'limit down' on Sunday evening, meaning they cannot fall any lower. Buckle up. Dope. You know what this is, essentially. Mother Nature is gettin, back at the Waltons, the Rothschilds of the world. Taking by force (away from the financial markets) and giving it to the ppl (universal basic income). redistributemywealth UBI Our futures markets are locked down at 5%
Source: CNBC - 🏆 12. / 72 Read more »