Wall Street extends sell-off despite historic Fed boost [Reuters]
Boeing Company (The) (BA)
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Source: Reuters
Historic Fed boost fails to stop Wall Street's virus driven sell-off (Reuters) - Wall Street’s slide deepened on Monday as the rapidly spreading coronavirus forced more U.S. states into lockdown, overshadowing unprecedented moves by the U.S. Federal Reserve to shore up credit across the economy. After recently cutting interest rates to near zero, the Fed will now lend against student loans and credit card loans, as well as back the purchase of corporate bonds and make direct loans to companies. The unprecedented steps briefly lifted U.S. stock index futures before Monday's trading session began, but the mounting death toll from COVID-19 and a tide of lockdowns quickly sent the main indexes into the red, putting the S&P 500 .SPX on pace for its worst month since World War Two. “What the Fed did is important because it does help in the credit markets. But it’s not enough from an equity market perspective,” said Willie Delwiche, investment strategist at Robert W. Baird in Milwaukee. “Wha
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BA
Earnings
- 10/23/24 - Miss
BA
Sec Filings
- 11/19/24 - Form EFFECT
- 11/18/24 - Form 8-K
- 11/18/24 - Form 424B3
- BA's page on the SEC website