U.S. stock indexes finishws sharply lower but off their lows of the session on Wednesday as comments from the Federal Reserve Chairman Jerome Powell about...
U.S. stock indexes finishws sharply lower but off their lows of the session on Wednesday as comments from the Federal Reserve Chairman Jerome Powell about the economic outlook in the aftermath of the COVID-19 pandemic shattered buying enthusiasm on Wall Street. Powell said on Wednesday that the U.S. economic outlook was"both highly uncertain and subject to significant downside risks," speaking Wednesday morning in a webcast hosted by the Peterson Institute for International Economics.
closed down 2.3% after a news report late Tuesday said the electric-vehicle maker would fully reopen its battery"gigafactory" in Nevada, after Tesla reopened its auto factory in Fremont, California., on Monday in defiance of county regulations.
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Powell says the Federal Reserve is not considering negative interest rates
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