Coronavirus continues to drag down Wall Street; investors await stimulus package

Coronavirus continues to drag down Wall Street; investors await stimulus package

4 years ago
Anonymous $9CO2RSACsf

https://www.siliconvalley.com/2020/03/23/coronavirus-continues-to-drag-down-wall-street-investors-await-stimulus-package/

As Californians began a new week of social distancing under shelter in place edicts across the state during the coronavirus crisis, they were also greeted by more weakness on Wall Street as uncertainty over the economy dragged stocks into the red again.

Before the market opened, the Federal Reserve announced new extensive measures meant to support American businesses and calm the sentiment surrounding debt markets. Among the moves the Fed said it would soon launch will be a program to lend money directly to small-and-medium-sized businesses.