virus covid-19

Stocks fall but curb heavy losses as coronavirus bill toils on Capitol Hill

Reading now: 432
www.fox29.com

U.S. equity markets curbed the bulk of heavy losses Monday after the coronavirus relief bill faced more opposition from Democrats on Capitol Hill.

The lack of progress outweighed another move by the Federal Reserve which announced "extensive new measures" to support the U.S.

economy. The Dow Jones Industrial Average closed down nearly 600 points or 3 percent, while the S&P 500 lost nearly 3 percent and Nasdaq Composite, in light of the selling, held up little changed.

The Dow is on pace for the worst month since September of 1931 as noted by the Dow Jones Market Data Group. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The standout was gold which posted its biggest one day percentage gain since March

Read more on fox29.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA