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At the close, the Dow Jones Index fell more than 600 points and fell 2.05 percent to 30,303.17 points. The index showed the highest drop since October 2020.
The S&P 500 Index fell 2.50 percent to 3,753.20 points, and the Nasdaq Index fell 2.61 percent to 13,270.60 points.
The indices, which began with a decline due to the effect of the balance sheets of the fourth quarter of the companies, followed a negative course, although the Federal Reserve (Fed) of the United States did not modify the interest rates or the purchases of assets and maintained his solidarity stance.
The United States Federal Reserve (Fed) did not change the policy rate in line with expectations, left it constant in the range of 0-0.25, and did not change its verbal direction regarding asset purchases.
Stating that the pace of recovery of economic activity and employment has slowed in recent months, the Fed reiterated that the course of the economy will largely depend on the course of the new type of coronavirus epidemic (Kovid-19), including progress in vaccination.
Fed Chairman Jerome Powell said that some developments point to a better outlook later this year and stated that they will maintain a supportive stance of monetary policy until employment and inflation targets are met.
Noting that there is a long way to go before the economy reaches its employment and inflation targets, Powell said “it will probably take some time to make significant progress.” found the evaluation.
On the other hand, the US aircraft manufacturer Boeing, which announced its balance sheet for the last quarter of 2020, announced that it had a record loss of $ 11.9 billion last year, with the impact of the flight of 737 Max passenger aircraft. and the Kovid. -19 outbreak. After Boeing’s balance sheet announcement, its shares lost nearly 4 percent.
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