U.S. stock indexes fell sharply today, after the Federal Reserve aggressively cut interest rates to near-zero. The Dow was down over 2,000 points — or nearly 9%.
Markets are falling sharply, even after the Federal Reserve aggressively cut interest rates to near zero.Johannes Eisele/AFP via Getty Images
Markets are falling sharply, even after the Federal Reserve aggressively cut interest rates to near zero.U.S. stock indexes fell sharply Monday, a day after the Federal Reserve aggressively cut interest rates to near zero in a bid to stop the economy from crashing. The Dow Jones Industrial Average was down over 2,000 points, or nearly 9%, as coronavirus measures rapidly expanded.
The deep stock market selloff reflects broad concerns that despite these economic measures, the U.S. economy is likely heading toward a recession. Many parts of the economy have abruptly come to a standstill. Government orders to temporarily close restaurants and bars in New York City, Los Angeles and Chicago and recommendations to ban groups of
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