Dowzones live Stocks Jumps on wednesday Market on Hopes of Treatment On Corona Virus. while its sharp Drop in USA Economy.
The Dowzones Industrail average Sharp Traded plus 400 points or 1.75% Higher, S&P Gained 2%, While NASDAQ Traded sharp 2% Higher.
Fed announcement looms
All eyes will be on the Fed’s monetary policy decision at 2 p.m. ET Wednesday.
Investors will look to the central bank’s statement and chairman Jerome Powell’s virtual press conference for clues about how long interest rates will stay near zero as the economy seeks to emerge from the coronavirus crisis.
“The Fed will likely focus on its crisis policy implementation and signal readiness for future shocks,” said Lauren Goodwin, economist and portfolio strategist at New York Life Investments.
“It’s also possible that the Fed clarifies its forward guidance, and affirms that interest rates will remain low until inflation expectations are firmly anchored in the 2.0% range.”
President Donald Trump said in a press conference Tuesday the U.S. will “very soon” run five million coronavirus tests per day.
To date, the most tests the U.S. has run on any single day was 314,182 on April 22, according to the Covid Tracking Project. The lack of testing remains an obstacle for many states anxious to reopen for business.
Dowzones live prices in plus !