U.S. stocks fell Wednesday after Federal Reserve Chairman Jerome Powell said further stimulus could be needed to support the economy’s recovery from the coronavirus-induced contraction.
The S&P 500 dropped 1.6% as of the 4 p.m. close of trading in New York, extending Tuesday’s loss of more than 2%. The Dow Jones Industrial Average lost 2.1%, or 500 points, and the Nasdaq Composite slipped 1.5%.
Thanks a bunch trump
Fed Chair Powell can always b counted on to lower th DOW as soon as he speaks.
We need to work on opening, not more “free money” that can screw us. Nothing in life is free...?!
We’ve spent enough money. Just open the economy and put people back to work!
The federal government can't support (i.e., fund) the economy indefinitely...so let's take that false choice off the table right now. But Powell is not wrong about the economic risks we face. Has any country ever so willingly/matter of factly destroyed its own economy like this?
Oh yes, of course these rabid Republican jackals are thinking of ways to override the election this year. Deflection, cheating and lying are key elements of their playbook and top traits of Trump's character. I don’t want another 4 more years of chaos. Time to vote BLUE.
No more aid! Work to get economy operational again. Pumping more money in won’t help as this plays out.
When 30 million people lose their jobs, DOW goes up. When Govt says they are gonna help those ppl, so they can feed themselves and not get a deadly disease, DOW goes down. Our Economy is so great for everyone...🤔
To stimulate the Econ, Dems have noted, the USA needs to fight the microscopic amount of racism & Xism they find, then magnify So, the new relief bill requires killing straight White males if required for the morbidity ratio be equal among all races, genders, & orientations
The orange draft dodger will love this.
Idea 💡 Do not give any Federal money to states whose governors refuse to end their lock downs. No freedom for citizens=No money for the state! freedomforall saynototyrany endthelockdown
Uhoh. Another job on the line. Thank you for speaking truth to power Chairman Powell.
March 27 behavioureconomics applied to stimulate GDP Behaviours to lower CashConverionCycles & increase InventoryTurns of Capital very clear how much