Stocks post their worst day since March

  • 📰 CNN
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

JUST IN: US stocks plummeted on Thursday as the Dow closed 1,862 points, or 6.9%, lower. All three major US indexes recorded their worst day since the big coronavirus selloff in March.

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.

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:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks suffer their worst day since March, with the Dow plunging more than 1,800 pointsIt was a brutal day for the market. Stocks tanked Thursday in the market's worst day since the March sell-off as coronavirus cases increased in some states that are reopening. - The Dow fell 1,861 points. - The S&P 500 slid 5.89%. - The Nasdaq lost 5.2%. Don't tell tweety asshole Sarah Eisen needs to bring more optimism or the market falls apart The fall came as a no surprise to me and many others. The 'recovery' rally was a well organized Wall Street Madoff Ponzi scam. It fooled no one outside the US.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks on track for biggest drop since March on concern about economic recovery, coronavirus spikesGlobal stock markets tumbled Thursday after the Federal Reserve signaled a long path to recovery from the devastation of the coronavirus pandemic. Wonder if clown in chief is gonna tweet about market today Don't worry Trump said it was going to be all good so lets just go with that.
Source: USATODAY - 🏆 100. / 63 Read more »

Stocks in Europe skid as reversal from rally continuesEuropean stocks slumped Thursday in early trade, losing ground for a fourth session as traders looked for a new catalyst after the breathtaking rally from... And will be back up again in a few days. Drama news
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks spooked, bonds rally on downbeat FedWorld shares took their biggest tumble in five weeks on Thursday as a sobering outlook from the U.S. Federal Reserve challenged market optimism on the global economy, while bonds rallied on bets yet more stimulus would be needed to ensure recovery. US pandemic response has been a disaster with deaths and infections are rising, not falling due to Government incompetence and stupidity!! US business only had itself to blame for loving neoliberal ideology, tax cuts and small Gov policies and will suffer the concequences ! Waiting for the first wave
Source: Reuters - 🏆 2. / 97 Read more »