Trusted News Discovery Since 2008
One News Page
One News Page > News Videos > Fred Katayama > Aggressive Fed boost fails to stop sell-off

Aggressive Fed boost fails to stop sell-off

Video Credit: Reuters Studio - Duration: 01:23s - Published < > Embed
Aggressive Fed boost fails to stop sell-off

Aggressive Fed boost fails to stop sell-off

Wall Street's slide deepened Monday as unprecedented moves to shore up credit failed to sooth investors fears about the coronavirus crisis.

As Fred Katayama reports, the Senate's failure to pass a stimulus package added to the gloom.


Aggressive Fed boost fails to stop sell-off



The markets UNDER PRESSURE as the Senate again failed to pass a MASSIVE economic stimulus package and more states entered lockdown amid the coronavirus crisis.

Investors also brushed aside the Federal Reserve's AGGRESSIVE move to back purchases of corporate bonds and buy more Treasury bonds and mortgage-backed securities, among other things.

The Dow and S&P 500 lost about 3%, and the Nasdaq shed a quarter percent.

Kramer Capital Research chief investment officer, Hilary Kramer: SOUNDBITE: HILARY KRAMER, CHIEF INVESTMENT OFFICER, KRAMER CAPITAL RESEARCH (ENGLISH) SAYING: "Having a 3%-plus down move on all the indices certainly is going to scare more investors, especially individual investors that have held out for so long expecting to try to find a bottom.

This selling could beget more selling, but capitulation could be just right around the corner." A further plunge in oil prices depressed energy stocks.

Exxon Mobil and Chevron were among the Dow's biggest decliners.

But investors scooped up shares of beleaguered Boeing.

Goldman Sachs upgraded the jet maker's shares to "buy," noting that the stock had slid 80% from its peak last year.

And shares of Hasbro ROSE, The toy maker said its supply chains were up and running in China.

Recent related news from verified sources

Powell: Fed will continue to act to support economy

The Federal Reserve will continue aggressive support for lending until the coronavirus pandemic ends...
SmartBrief - Published

You Might Like

Tweets about this


Maquinas Empacadoras Aggressive Fed boost fails to stop sell-off... 5 days ago


้ญ‚ใกใ‚ƒใ‚“ Aggressive Fed boost fails to stop sell-off 6 days ago


Rand Golletz Aggressive Fed boost fails to stop sell-off 6 days ago

Market_Screener Aggressive Fed boost fails to stop sell-off #Samp;P500 #economy #MarketScreener 6 days ago

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2020 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.