Did the Bottom Fall Out of Stocks on Virus Bill Failure? What's Needed Most -- ICYMI [TheStreet.com]
AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (AMTD)
Last amtd idea group american depositary shares, each representing six (6) class a ordinary shares earnings: 4/22 04:01 pm
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Source: TheStreet.com
Maybe stocks were to keep drifting a bit lower while Wall Street said they were beginning to stabilize. But now the Advil bottle that hurting investors were running on just ran out. After Sunday evening's congressional failure to pass a $2 trillion fiscal stimulus bill that would heavily focus on coronavirus aid, some investors and analysts were patiently watching the news flow to see if Congress could come to terms Monday. By afternoon, news broke that the bill failed again. The S&P 500, after having been down 1% in the morning, dropped 4.5% by midafternoon Monday. The Dow Jones Industrial Average was down as much as 3.4%. Markets were showing signs of stabilization. After having more than a week of 5% or more swings on the upside and downside, the S&P 500 had more muted moves starting Thursday, which was an up day. Strategists were saying this was a sign that, while the indefinite time span of the virus and therefore recession would mean more near-term downside, the bottom could be
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