- The Dow Jones Industrial Average has lost 516.67 points, or 2.2%, to end at 23,247.97.
- The S&P 500 index was down 50.12 points, or 1.8%, finishing the 2-820.
- The Nasdaq Composite Index finished at 8,863.17, off, 139.38 points, or 1.6%.
US stock benchmarks closed sharply lower Wednesday, as investors take into account the chairman of the us Federal Reserve warnings about the post-COVID-19 in the global economy. It is increasingly clear to the street that is in the world, it is far from out of the forest, if he does not walk more deeply into the theme, as he tries to relax, and locking action in response to a virus, stealth is still lurking in the neighborhood.
The range and speed of this downturn are modern unprecedented, much worst recession since the second World War,
– Barry, said during a webcast of a discussion with the Peterson Institute for International Economics, to validate the market’s concerns.
Consequently, the Dow Jones Industrial average has lost 516.67 points, or 2.2%, to end at 23,247.97, while the S&P 500 index was down 50.12 points, or 1.8%, finishing the 2-820. The Nasdaq Composite Index finished at 8,863.17, off, 139.38 points, or 1.6%.
Powell made his comments in the wake of Dr. Anthony Fauci, the comments of the previous day, where he warned that returning too early could lead to more outbreaks of diseases, and unnecessary deaths. Also, we had the news that Rick is Bright, the former head of the Federal Agency in charge of supervising the rapid production of a vaccine, to warn them of the “darkest winter in modern history, if the united states does not develop a coordinated approach based on science to fight COVID-19. More about it here: COVID-19: Rick Bright, cautions, or “the darkest winter in modern history.
During this time, the The US dollar it was firmer on Wednesday, with the DXY is up 0.2% into the close. “The Fed’s Powell said during the night the Fed rate has not changed, and it is not something that the Fed is looking at. The Federal reserve, the interactions with the business community and non-profit organizations suggest that the recovery will be slow to materialize, even if he does come, unemployment is expected to fall quickly,” the Bank’s analysts ANZ are explained.