US stocks suffer worst week since 2008 with investors still unsold on efforts to help coronavirus-hit economy
, as investors remain unsold on widespread actions designed to curb the spread of coronavirus and protect economies around the world. potential $1 trillion stimulus package
to prop up the US economy, while the Federal Reserve has introduced many emergency measures from its toolkit to provide liquidity to markets reeling from the pandemic. The equity market's losses came after a turbulent trading session that saw the Dow Jones industrial average gain as much as 2.2% before reversing midday and closing at intraday lows. Both the Dow and the benchmark S&P 500 suffered their worst weekly declines since the financial crisis in 2008.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Fed dusts off 2008 playbook in hopes of preventing another financial crisisThe Federal Reserve faces the challenge of preventing an intensifying health crisis from morphing into a full-blown financial crisis. So it's dusting off a playbook it surely hoped it wouldn't need again: the steps it took as the Great Recession took hold.
Baca lebih lajut »
Flying home to the US during coronavirus was surreal, anxiety-inducing - Business InsiderI just flew home to New York City from South Africa after cutting my vacation short because of the explosion of the coronavirus pandemic, and it was a completely surreal experience
Baca lebih lajut »
UBS now sees a deep US recession by July due to the coronavirus pandemic - Business Insider'Our previous assumptions are invalid and even our downside scenario is becoming too rosy,' UBS economist Seth Carpenter wrote in a Thursday note.
Baca lebih lajut »
Wartime economy: What the US will look like amid coronavirus outbreak - Business InsiderWartime economies created the wristwatch, aviator sunglasses, and Jeeps. Ford once made tanks for WWII, now it could make ventilators for hospitals.
Baca lebih lajut »
Coronavirus: Rest stops in US closing, and truckers have few options - Business InsiderTruck drivers have a big problem: Rest stops are shuttering across the US, leaving them to scramble for places to sleep, eat, and use the restroom
Baca lebih lajut »
Tech supply-chain expert: Asian companies are worred about US demand - Business Insider'Everybody's holding their breath': Coronavirus concerns about the global tech supply chain have reversed — with recovering Asian suppliers now worried about US demand
Baca lebih lajut »