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Wall Street plunges again as Federal Reserve calls for more stimulus amid weak economic data – ABC News
US stocks plunge again after US Federal Reserve chairman says more stimulus is need for the US economy and economic data shows a slowdown in the services industry.
The selling has resumed on Wall Street as investors take flight after the head of the US central bank said America’s economy needed more stimulus to help it survive the coronavirus pandemic.
Key points:
- The benchmark S&P 500 index fell 2.4 per cent on Wall Street
- Tesla shares slumped more than 10 per cent after a disappointing “Battery Day” update
- The Federal Reserve is calling for more stimulus from the US Government
The US Congress has yet to pass a fre…
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