Stock market today
A lower close for the US stock market today. Some gains during the trading session turned into losses when Trump said he is ‘rejecting’ House Democrats’ $2.4 trillion stimulus proposal. The closing numbers for the stock market today:
S&P 500: 3,360.97,-47.66(-1.40%)
Dow 30: 27,772.76,-375.88(-1.34%)
Nasdaq: 11,154.60,-177.88(-1.57%)
Russell 2000: 1,577.29,-4.67(-0.30%)
Stock market data: Yahoo Finance
Stock market news
“Powell warns of ‘weak recovery’ if policymakers provide ‘too little’ COVID-19 relief.
Federal Reserve Chairman Jay Powell said Tuesday that policymakers should not be afraid to offer more support to the economy, warning that too little help from Congress and the Fed risks a slower recovery from the COVID-19 crisis.
“The risks of overdoing it seem, for now, to be smaller,” Powell said in prepared remarks at a National Association of Business Economics conference. “Even if policy actions ultimately prove to be greater than needed, they will not go to waste.”
Powell emphasized that the recovery would be stronger if monetary policy and fiscal policy “continue to work side by side.”
But with interest rates already near zero, the central bank has made it clear in recent months that Congress and the White House are better suited to address the needs of the economy at the moment.”
Stock market data: Yahoo Finance
Stocks today
Trending stocks today, stocks that moved:
Pioneer Power Solutions, Inc. (PPSI): 4.8000+3.2300 (+205.73%)
Alteryx, Inc. (AYX): 145.96+32.08 (+28.17%)
The Boeing Company (BA): 159.54-11.66 (-6.81%)
All stock quotes, stock prices as of the close today.
