Text size Illustration by Mike Haddad. Investors analyzed concerns about the virus midday Thursday, taking advantage of some early gains even amid mixed data. The Dow Jones Industrial Average and S&P 500 rose 0.2% in recent trade, while the Nasdaq Composite rose 0.4%. The latest unemployment figures show that while …
Read More »Bank stocks are falling because the Federal Reserve has limited its dividends and suspended its buybacks
The Federal Reserve requires banks to resubmit their capital return plans in light of the tensions the coronavirus places on the financial system. Olivier Douliery / AFP / Getty Images Text size The banks’ shares sank in the post-market, after the Federal Reserve took a tougher-than-expected stance on payments to …
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