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Covid-19 impact: Wall Street sinks again on Fed warning of prolonged recession
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Treasury yields were also lower in another sign of pessimism about the economy and inflation, after Fed Chairman warned about state of economy amid pandemic Wall Street is falling in another erratic day of trading Wednesday, weighed down by worries about a slow recovery for the economy.
The market has been wavering the last couple weeks after coming off its best month in a generation, as optimism about reopening the economy collides with worries about the dangers of lifting restrictions too soon.
The S&P 500 was down 2.3%, as of 12:18 p.m. Eastern time, with the sharpest losses coming for stocks that most need a healthy economy for their profits to grow.
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COVID-19
United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
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India
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Cases: 34 321 025
Deaths: 459 652
Recovered: 0
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Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
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United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
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Russia
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Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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