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Wall Street caps best week since 1974 after latest lift from Fed

Wall Street caps best week since 1974 after latest lift from Fed

Wall Street closed out its best week in 45 years on Thursday, a 12.1% jump, after the Federal Reserve launched its $2.3 trillion package to support the economy through the coronavirus outbreak. On Thursday, S&P 500 rose 1.4%, the Dow added almost 286 points, or 1.2%, to 23,719, and the tech-heavy Nasdaq composite climbed 0.8%.

Timothy
Timothy
michael
michael 4 months

let's not forget the WEEK of trillion dollars a DAY dumped by the fed into the stock market. why couldn't the fed put that money into American pockets? that would have boosted the economy too. this bubble will burst, as all top down inflation bubbles burst. why is it so hard for countries to accept that you have to build your economy from the ground up. FDR PROVED it decades ago, but greed blocks knowledge.

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