London The stocks mega-rally hit a roadblock: A somber economic outlook from the US Federal Reserve and the 2 millionth coronavirus case in the United States has investors questioning whether they had boosted the stock market too far, too fast.US stocks plummeted into the close, with all three indexes recording their worst performances since March 16 -- when the stock selloff over worries how the pandemic would affect the economy was at its worst.The Dow closed 1,862 points, or 6.9%, lower.
"We're not thinking about raising rates — we're not even thinking about thinking about raising rates," Fed Chairman Jerome Powell told reporters during a press conference.Usually low interest rates are good for stocks because it gets cheaper for companies to borrow money. But at the moment, low rates for longer also mean that the economy won't be back on its feet for a while.
Now is not a 'buy and hold' environment, investors should be nimble. See Japan stock market for instance. The gains are huge. At the same time, be cautious. Short term investments may have long term downside.
I’m sure you knuckleheads are cheering for a collapse.
Soaring today, though.
And are rebounding nicely today. Nice buy in yesterday
Buy TSLA million mile battery announced like buying a car w engine that will last.Cramer and Barron recommend during selloff! barron bought 1.5 billion! He will push up! Retweet
SO SAD! 😂 via YouTube What in the HELL is Wrong with WHITE LIBERALS?!!? Why are they So Full Of DoDo!! Always Virtue Signaling!! I think it’s bc of the EVIL DISEASE LIBERALISM has F Their minds Up!! I’m Sorry but NOBODY needs to forgive for being WHITE!
The Lamestream Media refuses to talk about our Country’s record setting Jobs Numbers, which are indicating GREATNESS, and soon!
I thought trump said his economy was going to be great again?
Это новость дня
Back up the truck on cyclicals wealthy2021
Watch 'How COVID-19 could change the way we eat forever' on YouTube
Your channel divides us
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: CNBC - 🏆 12. / 72 Leer más »
Fuente: USATODAY - 🏆 100. / 63 Leer más »
Fuente: MarketWatch - 🏆 3. / 97 Leer más »
Fuente: Reuters - 🏆 2. / 97 Leer más »