STOCK MARKET NEWS

Dow Slides more than 200 points in Wednesday's Available as Fed's Powell States coronavirus crisis 'without modern precedent'

 U.S. stocks traded lower on Wednesday as investors tried to digest comments being made by Federal Reserve Chairman Jerome Powell concerning the economic outlook in the wake of this COVID-19 pandemic. Powell said on Wednesday that the U.S. economic prognosis was"both highly uncertain and subject to significant downside risks," talking Wednesday morning at a webcast hosted by the Peterson Institute for International Economics. The Dow Jones Industrial Averagewas down 280 points, or 1.2% .

STOCK MARKET NEWS: 13 MAY 2020

The Dow Jones futures fell as Fed chief Jerome Powell gave a cautious outlook: Is the coronavirus stock market rally divorced from economic reality?

 tocks Fall With Dollar After Grim Powell Outlook: U.S. stocks fell after Federal Reserve Chairman Jerome Powell said the outlook for the market is unclear and the downside risks are significant.The S&P 500 extended losses into another day and the dollar dropped as Powell stated"the retrieval may take a while to gather momentum, and the passing of time could turn liquidity problems to solvency issues." Treasuries were little changed as the Fed chairman pushed back against damaging interest prices.

Dow stumbles 200 points as Fed's Powell says scope of coronavirus catastrophe' without modern precedent' U.S. inventory benchmarks trade lower Wednesday morning as Federal Reserve Chairman Jerome Powell provides an unclear near-term prognosis of the market, with state and national officials trying to restart businesses from a coronavirus-induced lockdown.

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STOCK MARKET NEWS: 13 MAY 2020

S&P 500, Dow open lower as markets digest Powell remarks

Federal Reserve Chairman Jerome Powell pushed back against the possibility the central bank could deploy adverse interest rates from the U.S., though he didn't fully rule out the option as a potential tool in the long run. "The signs on negative rates is mixed," Powell said Wednesday in response to some moderator's question after having a speech via video. He noted Fed officials had debated whether to follow other central banks in that direction and opted to use different tools.

The central-bank chief said that the Fed would instead continue relying on other tools in its arsenal, including forward advice, also called on elected officials to consider more fiscal stimulus.

Stocks Fall as Fed's Powell Remains Cautious, Sees 'Significant Downside Risks' Fed Chairman Jerome Powell states the U.S. may require'additional fiscal support' to prevent lasting damage.

U.S. wholesale costs sink 1.3percent as coronavirus triggers wide collapse in demand

 The wholesale cost of U.S. merchandise and services dropped 1.3% in April -- the largest decline on record since the coronavirus bore down on the economy and cratered demand.

U.S. Stocks Fall as Fed Chief Speaks

 Wall Street stocks gave up gains seen in premarket trading as Federal Reserve Chairman Jerome Powell discussed the outlook for the economy.

Stock market news updates:

Stocks drop after Powell warns of'lasting damage' because of coronavirus

Stocks cut profits from the pre-market session and opened lower Wednesday, as investors eyed comment from Federal Reserve Chair Jerome Powell.

Powell Says Virus Poses Lasting Harm, More May Have to Be Done.

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STOCK MARKET NEWS: 13 MAY 2020

The U.S. market faces unprecedented downside risks that may do lasting harm to households.

Companies if fiscal and monetary policy makers don't rise to the challenge, Federal Reserve Chair Jerome Powell said. "The recovery might take some time to gather momentum, and also the passing of time can turn liquidity problems to solvency problems," Powell said Wednesday in remarks prepared for a digital event hosted by the Peterson Institute for International Economics in Washington.

Why Stanley Druckenmiller says that the risk-reward of investing in shares hasn't been worse

Stanley Druckenmiller has seen a crisis or two in their own storied career.The famed former hedge-fund manager, who with George Soros famously broke the Bank of England by shorting the pound in 1992, says"the risk-reward for equity is maybe as bad as I've seen it in my career" Speaking in a webinar run by The Economic Club of New York on Tuesday night, the chairman and chief executive of Duquesne Family Office says it is just not true that It's profitable to be on the side of the Federal Reserve.

Fed Chair Powell: US economy faces'longer-term concerns'

Powell said in prepared remarks Wednesday that the thickness and length of a recession could"leave behind lasting damage," indicating that those within the Fed see slim odds of a V-shaped recovery.

More fiscal spending may be'worth it,' as retrieval will take time to obtain strength, Fed's Powell saysThe economic recovery might take a while to gather momentum and more fiscal spending might help avoid damage that may build as a consequence, stated Fed Chairman Jerome Powell on Wednesday.

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