U.S. equity futures and global stocks tumbled after the Federal Reserve slashed its benchmark interest rate to near zero, a sign that investors remain worried that the new coronavirus will fuel a recession even with borrowing costs dropping.
Futures tied to the Dow Jones Industrial Average and S&P 500 each slid nearly 5% Monday. Trading limits prevent futures from losing more than about 5% in out-of-hours trading.
Recessions seem inevitable whenever a Republican is in the WH.
Trump can’t even calm the toilet paper market, so I don’t hold much hope for financial markets.
realDonaldTrump wanted the FederalReserve to cut. Then this happened... marketcrash TrumpLiesAboutCoronavirus CarnivalBarkingClown TrumpRecession mondaythoughts
European Stock tumble 👉completely in 🐻 Grip INVESTOR 1/3 CAPTIAL wiped OUT CAPTIAL protection is the KEY 🤖🤠 Average correction over 35 % YTD
EdsonCuboia
Any news on shutting down the markets?
Way to go Trump 🍊 as folks simply want straight talk 💡
WeNeedUBI
BUY! BUY! BUY!
It won’t fuel recession as long as protocols are strictly followed. Now we must stay home.
The cut made by the Fed certainly shocked many. And of course investors and foreign markets are still concerned about the Coronavirus. The Fed alone isn't capable of revering a global shock such as this.
QE is a curse.
Trumpy says to relax...
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Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »