Federal Reserve reopens crisis-era primary dealer credit facility

Federal Reserve reopens crisis-era primary dealer credit facility

The Federal Reserve continued its efforts to soften the impact of the coronavirus on the U.S. economy by re-opening its crisis-era primary dealer credit facility to provide short-term loans to banks and broker-dealers. “The facility will allow primary dealers to support smooth market functioning and facilitate the availability of credit to businesses and households,” the […]
Stock futures pull back after big rally

Stock futures pull back after big rally

Stock futures dipped on Tuesday evening, with traders booking some profits after a brisk rally helped investors recoup some of Monday’s ugly losses that pushed the Dow Jones Industrial Average to its worst day since Black Monday of 1987. [Read more: Coronavirus...
What to know in markets Wednesday

What to know in markets Wednesday

Ongoing developments surrounding the coronavirus outbreak will remain in focus Wednesday. U.S. stocks rebounded Tuesday after the Trump Administration indicated that it is considering a fiscal stimulus package of more than $1 trillion. [Read more: Stocks boosted as...