The Dow Jones Industrial Average surged by 450 points Thursday, after the Federal Reserve announced $2.3 trillion in emergency programs to shore up the economy. The S&P 500 and tech-heavy Nasdaq also ticked higher on Thursday, with gains of close to 2 percent and 1.5 percent, respectively. The news came as weekly data from the […]
The Federal Reserve on Thursday released long-awaited details regarding its Main Street business lending program and several other initiatives it is undertaking to backstop the reeling U.S. economy. Under provisions outlined for the first time, the loans would be...
Stocks tanked on Friday as the fate of the $2 trillion economic relief package suddenly came into question overnight. The Dow Jones Industrial Average fell by around 900 points at the opening bell on Friday, with the S&P 500 and the Nasdaq down by around 3 percent...
Wall Street briefly pared its losses on Thursday as investors reacted to the Federal Reserve’s announcement that it would dramatically increase liquidity by injecting as much as $1.5 trillion into the economy with an unprecedented series of asset purchases....
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