Stocks Fall Sharply Despite Surprise Fed Rate Cut

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Stocks and bond yields slid, with the Dow falling more than 750 points, after a surprise Fed rate cut failed to calm investors' virus-fallout fears

U.S. stocks and government bond yields slid Tuesday after the Federal Reserve’s interest-rate cut failed to assuage money managers fearful of the economic fallout from the coronavirus epidemic.

Markets were volatile after the Fed’s announcement. Stocks initially shot higher, propelling the Dow Jones Industrial Average up more than 300 points. But within 15 minutes, stocks’ initial gains gave way to jerky up-and-down trading action—with the blue-chip average and Treasury yields tumbling after Fed Chair Jerome Powell acknowledged...

 

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The market has the Feds on the ropes.

Panicky rate cuts sow panic

This is why my pug gets bacon, to keep those pork bellies from going belly up.

So who’s fault are the Republicans going to say this is? Because good things are always their doing and bad things are always someone else’s fault

Maybe they shouldn’t listen to trump next time

Not sure that’s ever happened before. Complete fail.

Trump fails again

Stocks went up yesterday in anticipation of the cut. Today the cut happened and reality set in.

Im so fuckin paranoid i need to quit or somethin i dont know anymore

Trump: I'm ordering a halt of the StockMarket. So it can't fall any further. But that's not Capitalism. That's Socialism. Trump: I don't care. The tanking stockmarket is going to destroy my economy & I'll go to jail if I don't get re-elected. But that's fascism. Trump: Do it

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Stocks Extend Drop Despite Surprise Fed Rate CutU.S. stocks and government bond yields slid after the Federal Reserve lowered interest rates, but failed to assuage the anxieties of money managers monitoring the economic fallout from the coronavirus epidemic. Time to buy? It will rebound; quit stoking fear
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