BREAKING: Dow Jones closes up nearly 2,000 points after Pres. Trump outlines new actions to respond to coronavirus outbreak, including private sector partnerships.
On Thursday, the Dow Jones Industrial Average lost more than 2,350 points, almost 10%, a day after falling 1,464 points, or 5.86%, as investor anxiety pushed the index into a bear market for the first time since the 2008 financial crisis. Thursday's losses were the worst since 1987.As markets reeled this week, the Federal Reserve announced a $1.5 trillion plan to help stabilize the financial system, but that appeared to have little effect on Thursday.
This July 15, 2013, file photo, shows a sign for Wall Street outside the New York Stock Exchange."These changes are being made to address highly unusual disruptions in Treasury financing markets associated with the coronavirus outbreak," the Federal Reserve Bank of New York said in a statement Thursday.
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