BREAKING: Stocks plunge, trigger circuit breaker after Fed unveils emergency stimulus
Markets are in for another rollercoaster week, as policymakers continue to ramp up their responses to the global coronavirus outbreak.
Federal Reserve rate cutStock futures opened sharply lower Sunday evening, even after the Federal Reserve launched a massive monetary stimulus program — including cutting rates to effectively zero and unveiling plans for large-scale asset purchases. The Fed also unleashed a further set of tools to address economic impacts arising from the COVID-19 pandemic, announcing a quantitative easing program that would include purchases of $700 billion in assets, comprising $500 billion worth of treasuries and $200 billion in agency-backed mortgage securities.
Story continuesIn Congress, the House of Representatives passed a bipartisan bill to help provide further support in response to the coronavirus. The legislative package, which passed with a vote of 363-40, broadens access to free testing, expands sick leave benefits and helps provides food aid for vulnerable populations, including children whose schools have closed due to the coronavirus.At the state level, the response has escalated with each passing day.
U.S.-based companies have also increasingly announced retail closures in effort to encourage social distancing among consumers, and as states including California and New York announce bans on public gatherings of large numbers of people. Goldman Sachs sees potential for the S&P 500 to drop to 2,000, down 41% from the all-time high, before rebounding to end 2020 at 3,200 as the impact of the coronavirus roils markets.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Stocks briefly halted for trading as markets plunge even as Fed intervenes to calm marketsStocks plunged Monday as the Federal Reserve took emergency action to cushion the economy from the coronavirus pandemic.
Consulte Mais informação »
Stocks poised for more losses Monday even as Fed intervenes to try to calm marketsStock futures plunged Monday and were halted for trading as the Federal Reserve took emergency action to cushion the economy from the virus pandemic.
Consulte Mais informação »
Australian stocks down more than 6% as Fed cuts rates to zeroThe U.S. Federal Reserve slashed its benchmark interest rate to zero and launched a massive quantitative easing program in an emergency move on Sunday.
Consulte Mais informação »
Stock Futures Plummet Even As Fed Slashes Interest Rates To Near ZeroThe Fed unveiled a sweeping set of new programs on Sunday to combat the economic fallout of the coronavirus outbreak.
Consulte Mais informação »
S&P 500 stock futures tumble after Fed slashes ratesU.S. stock index futures tumbled to open trading on Sunday, hitting their daily ...
Consulte Mais informação »