Stocks Go Into Shock. Dow Plunges Nearly 3,000 Points

  • 📰 NPR
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

U.S. stock indexes fell sharply Monday, a day after the Federal Reserve aggressively cut interest rates to near zero in a bid to stop the economy from crashing.

Markets are falling sharply, even after the Federal Reserve aggressively cut interest rates to near zero.Johannes Eisele/AFP via Getty Images

The Dow, which closed at 20,188.52, has lost 31.7% since its record high Feb. 12 as the market plunges deeper into bear territory after an 11-year winning streak.of October 1987, when the blue chip index lost 22%.

 

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

The tools the gov has to try to manage the market aren't going to work - not for this. The only way to curb market fears is to curb and contain the virus+take care of the people. When the parts are missing for your new iPad or vehicle, lowering rates when ppl r sick won't fix it

So tired of seeing these stock photos of frazzled traders.

Gotta love it!

Shut it down like everything else. No buying. No selling for a month!

Democrats don't seem to care about our health or our 401Ks !!

If 'The Market' didn't see this coming then I don't know what to think except the world is not ready for a true catastrophic event.

Who will put money in a bank that gives no interest? Why do you cater to the debt-ridden, federal govt., instead of helping responsible parties earn a bit for good savings behavior? Trying to make more debtors or put all US banks out of business? So much for privatization.

Why is it always the same 3 guys in these photos? Is the entire world economy in the hands or a couple gamblers?

On Friday Trump bragged about how he fueled a “recording breaking” rise in the stock market. So he’s back-to-back on “record breaking”. Ain’t hearing squat outta him today.

When everything is closed down, what do they expect?

When this is all over, the entire adult population of the US will need a stimulus. A jolt to the economy. 1k each like Yang proposed.

Im sure that's as much a cause than a fix. You don't do a fix that isn't needed. Something else works less efficiently usually.

Notice that every time Trump opens his hole and blows hot air, the market tanks. How many more times does this happen before they just sequester him in a closet, or invoke the 25th?

This is what happens when you boomers freak out over a political bio weapon scare

Notice how Trump says he has no control over the market when it's tanking

And Delusional Donald, as always, didn't help.

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:

 /  🏆 96. in LOANS

Loans Loans Latest News, Loans Loans Headlines

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

Dow Plunges Over 2,000 Points, Trading Halted Despite Emergency MeasuresMarkets are falling sharply after the Federal Reserve aggressively cut interest rates to near zero. Earlier, the Dow tumbled more than 2,700 points — nearly 12% — as coronavirus measures expanded. Now there is no buffer in case we have a market downturn on top of the current COVID disaster. A LOT of business is going to be impacted, and it will snowball into a very very bad recession. This is the greatest economy ever. realDonaldTrump winning
Source: NPR - 🏆 96. / 63 Read more »

Dow futures plunge 1,000 points after Fed cuts interest rate to zeroInvestors were unassuaged by news that the Federal Reserve is cutting interest rates to zero. US stock futures dropped 5% Sunday evening, hitting the 'limit down,' meaning they can't fall any further. Ok....Now what? Trump’s bragging about the stock market increase on Friday including him signing copies of a print out is going to look even more crass and stupid by the end of the week
Source: CNN - 🏆 4. / 95 Read more »