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Nasdaq ends sharply lower after Powell comments

(Reuters) - Wall Street ended sharply lower on Thursday, leaving the Nasdaq down nearly 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields. Read More

 

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  • Fed's Powell pledges patience, says easy policy appropriate

    WASHINGTON (Reuters) - U.S. Federal Reserve Chair Jerome Powell on Thursday repeated his pledge to keep credit loose and flowing until Americans are back to work, rebutting investors who have openly doubted he can stick to that promise once the pandemic passes and the economy surges on its own.

  • Nasdaq ends sharply lower after Powell comments

    (Reuters) - Wall Street ended sharply lower on Thursday, leaving the Nasdaq down nearly 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields.

  • U.S. Treasury launches $9 billion coronavirus aid for low-income lending

    WASHINGTON (Reuters) - The U.S. Treasury on Thursday launched a new program to infuse $9 billion into minority and community lenders to boost financing for small businesses and consumers struggling with the coronavirus pandemic in low-income and underserved communities.

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