The stock market recovered slightly today, attempting to recoup some of its losses from a day earlier when fears over a second wave of coronavirus cases led to the worst market drop since March by skleb1234
on the economy: The Central Bank forecasted unemployment will remain high for years and said interest rates will stay near zero until at least 2022.“Stocks were overdue for a pullback after rallying more than 40% off the March lows and pricing in what we believe is an overly optimistic economic outlook,” says Jeff Buchbinder, equity strategist for LPL Financial.
for 2020, fully recouping its losses from the coronavirus selloff earlier this year. But the market is now taking a sizable hit amid rising concerns over a second wave of coronavirus cases.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow Falls 250 Points After Federal Reserve’s Grim Economic OutlookThe Dow fell 250 points today after the Federal Reserve’s grim economic outlook by skleb1234
Read more »
Dow Jumps 800 Points As Stocks Try To Rebound From The Worst Sell-Off Since MarchStocks are up more than 2% after a massive sell-off on Thursday.
Read more »
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%.
Read more »
S&P 500, Dow slip ahead of Fed outlook; Nasdaq scales fresh highThe S&P 500 and Dow eased on Wednesday, as losses in financial stocks outweighed a boost from technology, with focus shifting to the Federal Reserve's first projections on the economy since the coronavirus outbreak.
Read more »
Stock futures flat following two days of losses for S&P 500 and DowThe moves in futures followed two straight days of losses for the 30-stock Dow and S&P 500.
Read more »
U.S. stock futures sink after Dow falls for second straight dayU.S. stock index futures fell late Wednesday, after the Dow and S&P 500 fell for a second straight day. Dow Jones Industrial Average futures undefined were...
Read more »