homeWelcome, sign in or click here to subscribe.login
     


 

 

Business


Subscriber content preview

March 24, 2020

Stocks slump despite Fed aid

By STAN CHOE, DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

NEW YORK — Stocks fell about 3% on Wall Street Monday as Congress hit another roadblock in talks to inject nearly $2 trillion into the economy. Even an extraordinary flood of support from the Federal Reserve wasn't enough to lift stocks, as frustration with Washington and the number of coronavirus cases rise.

Another attempt to advance the aid bill on Capitol Hill failed in an afternoon vote. The plan would send checks to U.S. households and offer support for small businesses and the hard-hit travel industry, among other things, but Democrats say it too heavily favors corporations at the expense of public health and workers.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.