The Federal Reserve System, the central bank of the United States, has provided radical liquidity measures in response to the Corona 19 crisis, but it has not reversed the downward trend of the market.
On the 23rd of the local time, the Dow Jones 30 Industrial Average for the New York Stock Exchange closed at 582.05 points, down 3% to 18,591.93.
He even pushed 960 points during the week.
The S & P 500 index closed at 2,237.40, down 67.52 points, and the Nasdaq index closed at 6,860.67, down 18.84 points.
The Fed has decided to implement virtually unlimited quantitative easing policies to buy US government bonds and mortgage-backed securities as a measure of liquidity.
New measures have been put in place to support corporate and household credit, mainly in the corporate bond market.
However, CNBC reported that market investors are paying attention to the federal government's stimulus package.
Republicans and Democrats continue to struggle against the stimulus package legislation created by the Donald Trump administration.
New York stocks fall despite 'unlimited quantitative easing'… Dow index 3% ↓
2020-03-23T21:46:02.458Z
The Federal Reserve System, the central bank of the United States, has provided radical liquidity measures in response to the Corona 19 crisis, but it has not reversed the downward trend of the market. On the 23rd of the local time, the Dow Jones 30 Industrial Average for the New York Stock Exchange closed at 582.05 points, down 3% to 18,591.93.
Source: sbskr