Fed announces $500 billion in short-term bank funding

[nag_mama]

Stock market news live: Dow pares losses after Fed announces $500 billion in short-term bank funding

Javier E. DavidEmily McCormick and Nishant Mohan

Yahoo FinanceMarch 12, 2020, 1:04 PM EDT

U.S. stocks tumbled by more than 7% Thursday, with Wall Street poised to extend its historically ugly sell-off, after President Donald Trump announced new plans intended to contain the human toll and economic impact of the worsening coronavirus outbreak that has whipsawed global markets.

The World Health Organization officially designated the coronavirus outbreak a pandemic on Wednesday, as the virus spread across more than 100 countries and infected well over 100,000 individuals.

Growing alarm about the severity of the pathogen — and the economic toll — has sent markets into a tailspin. Weeks of panic-driven selling has dragged blue-chip stocks into bear market territory at a breathtaking pace, of less than a month from peak to trough.

[MiryalgudaMaruthiRao]

so what?

[VictoryTDP]

1 minute ago, MiryalgudaMaruthiRao said:

so what?

Nee AMZN stock will recover 

[nag_mama]

Stocks going up