The Dow Jones rose 360 points Wednesday, giving up a massive chunk of its intraday gains.Hopes of more fiscal stimulus and positive economic data lifted the mood on Wall Street.Senator Mitch McConnell knocked 150 points off the Dow as he stressed no stimulus deal was close.The Dow Jones rallied strongly mid-week after the White House…
Are you tired of TechCrunch reporting on the daily stock market gyrations? Well, we’re tired of writing about them. And yet here we are, because stonks yet again did wild things that we have to talk about. Markets are still skittish about the effect the rapidly spreading novel coronavirus, COVID-19, will have on the economy.…
The Fed officially announced a 25-basis point cut. The U.S. stock market and the S&P 500 reacted with a sharp correction. | Source: Spencer Platt / Getty Images / AFPOn July 31, the U.S. Federal Reserve and its chairman Jerome Powell officially announced a 25-basis point cut. The U.S. stock market and the S&P 500…
