REUTERS: Wall Street drifted lower on Thursday as policymakers pulled out all the stops to try and stave off a deep and lasting coronavirus-driven recession and its damaging fallout on corporate America.
"We have had some pretty bold moves by the Fed in the last week or two and most of them have had a very short-lived impact on the market so hopefully this one will help," said Randy Frederick, vice president of trading and derivatives at Charles Schwab in Austin, Texas. Accenture Plc cut its full-year revenue and earnings outlook, citing an impact from the coronavirus outbreak. However, its shares rose 8per cent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow loses almost all that it gained during Trump's presidencyAs Wall Street extended its deep sell-off on Friday over fears about the coronavirus, the Dow Jones Industrial Average erased the last of the once ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Dow falls 6.3% in latest US stocks routNEW YORK: Wall Street stocks plunged again on Wednesday (Mar 18) as the economic toll from the coronavirus mounts and analysts warn of a deep ... 👍
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Dow ends up 5.2% on expectations of huge US stimulusNEW YORK: Wall Street stocks rallied on Tuesday (Mar 17) on expectations of massive federal stimulus to address the economic hit from the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US: Dow ends up 5.2% on expectations for huge US stimulus[NEW YORK] Wall Street stocks rallied on Tuesday on expectations for massive federal stimulus to address the economic hit from the coronavirus, partially recovering some of their losses from the prior session. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Dow ends up 5.2% on expectations for huge US stimulusNEW YORK (AFP) - Wall Street stocks rallied on Tuesday (March 17) on expectations for massive federal stimulus to address the economic hit from the coronavirus, partially recovering some of their losses from the prior session.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Wall Street sinks again as virus response falls shortU.S. stock index futures fell for the third time this week on Thursday as sweeping emergency action from policymakers across the globe failed to ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »