Wall Street slides again on more worries about recession
Stocks fell for the second day in a row on Wall Street Wednesday, weighed down by worries about a slow recovery for the economy. The weakenss came after Federal Reserve Chair Jerome Powell warned about the threat of a prolonged recession because of the shutdowns related to the coronavirus pandemic. The S&P 500 lost 1.7%. The sharpest losses hit stocks that most need a healthy economy for their profits to grow, like energy companies and banks. The market has been wavering the last few weeks a
Read more »