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Wall Street slides again on more worries about recession

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By STAN CHOE and DAMIAN J. TROISE AP Business Writers 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 SP 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 as optimism about reopening the []

The post Wall Street slides again on more worries about recession appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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