Stocks plunge despite Fed’s emergency intervention

By Jay Heflin

Published March 3, 2020 9:11pm ET

Stocks plunge despite Fed’s emergency intervention — Specialist Gregg Maloney works at his post on the floor of the New York Stock Exchange on Wednesday. Stocks are extending their slump on Wall Street, led by drops in big technology companies, as rising bond yields draw investors out of stocks. | (AP Photo/Richard Drew)

U.S. stocks tumbled Tuesday despite the Federal Reserve’s emergency enactment of an interest rate cut meant to reassure markets that the coronavirus outbreak wouldn’t lead to a downturn.

The Dow Jones Industrial Average was down 2.97% at closing, losing nearly 800 points.

Print subscriber? Click here to login/register your account

Digital subscriber? Click here to login/register your account.

Full midterm coverage.Deeper analysis.

Get unlimited access to Washington Examiner's reporting, expert analysis, and coverage of the midterm elections.

Get Unlimited Access

Cancel anytime.

Tag:

Stocks plunge despite Fed’s emergency intervention

Recommended Stories

Netanyahu and his opponent both spin election as victory as results trickle in

South Carolina polling has Andrews and Graham neck-and-neck in final sprint to Election Day

At least 30 dead in crash between 2 trains in central Spain

Full midterm coverage.Deeper analysis.

Tag: