Stocks Tumble As The Fed Warns Of A Long Recovery, Coronavirus Cases Spike

Stocks fell sharply Thursday after the Federal Reserve warned that the recovery will take a long time.Johannes Eisele/AFP via Getty Images

Stocks fell sharply Thursday after the Federal Reserve warned that the recovery will take a long time.Stocks plunged Thursday after Federal Reserve Chairman Jerome Powell warned that the economic recovery is likely to take a long time and amid reports that new coronavirus casesThe Dow Jones Industrial Average plunged more than 800 points, or 3% and the S&P 500 tumbled 2.5%.

Seems to be falling harder than it was pushed....

Gotta love being 'great again' 🙄

I like how the slogan on the banner is so completely ironic. It points to how oblivious the capitalist state is to its own image on the world stage. 'There's no corruption here,' they say as they hand a briefcase of cash to a senator.

Whiplash anyone? I left the stock market when dumpster got elected as I didn’t want to participate in the amoral activity I knew was going to happen again.

I can see where sick and, worse case scenario, dying people can have an impact on the economy. Let's be insensitive for a moment. The business cost of FMLA, absenteeism, backfilling and training positions can be enormous. Back in the real world, health is needed for work. 😔🥺

The Federal Reserve are run by Dems who are bent on destroying us

Time for another socialist bailout for the elite while they keep telling us how bad socialism is for the rest of us!

The amount of cheering when the stock market takes a dive is telling..

You know when Wall Street is going downward cause The Orange Menace is silent about it.

Is Wall Street so dumb?! How did they not know this wasn’t a three month bump in the road?

That’s okay, Wall Street will still be able to steal from average Americans.

TrumpPandemic TrumpDepression

Eat the rich.

Pump and Dump!

Texas reported a record high of 2,500 coronavirus cases yesterday. This is no where near over. Arizona and Texas hospitals are filling up.

Turns out the 'positive' jobs report was a hoax, wasn't it?

big line go down👍

Oh look, the stock market actually paying attention to reality. Must be hard for them.

You mean going out in public to spend money and stimulate the economy didn’t end the pandemic Well damn, I thought the economy fixed everything. (/s).

I knew this the first week of May. What took them so long?

Keeps us entertained.

All it was a pump and dump last week a big one

No question in my mind Pence had the Rona

Sheez, now reality sets in.

In case anyone missed it, the pandemic isn’t over.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

What to watch today: Stocks set for higher open ahead of Fed statement, Powell news conferenceStock futures are higher ahead of the Fed's post-meeting policy statement and Chairman Jerome Powell's afternoon news conference.
Source: CNBC - 🏆 12. / 72 Read more »

Asia stocks snap winning streak, bonds rally on downbeat FedAsian shares retreated on Thursday as a gloomy outlook from the U.S. Federal Reserve challenged market optimism on the global economy, while bonds rallied on speculation that yet more stimulus would be needed to ensure recovery. BREAKING :- INDIA Registers HIGHEST NUMBER OF coronavirus cases in 24 hours... COVID19 Кто виноват в этом? Ouch
Source: Reuters - 🏆 2. / 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 »

Global stocks reel on gloomy Fed outlook and fears of a second coronavirus waveStock markets around the world retreated Thursday as fears over a second wave of coronavirus infections and a gloomy economic outlook from the U.S. Federal Reserve rattled investors. at least a narrative of pending doom. The fear mongers are out in force. go away in May is late this year. 😀
Source: CNBC - 🏆 12. / 72 Read more »

Consumers grew more optimistic about jobs and finances in May, New York Fed says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Tell me about it 😅 Sure they did. A lie that nobody can prove or disprove without actually asking millions of people. But I'm sure there statistical model are accurate. Accurate to produce the narrative they want that is.
Source: BusinessInsider - 🏆 729. / 51 Read more »