Slowing economy in the US causes sharp falls on Wall Street

O Dow Jones caiu 1,92% para 26.764,25 pontos, o S&P 50 quebrou 2,37% para 3.236,99 pontos, e o Nasdaq recuou 3,02% para 10.632,99 pontos.

Wall Street | Spencer Platt / Getty Images

The main Wall Street indices fell significantly on Wednesday, after the release of data showing that business activity is not recovering as fast as expected, coupled with a stalemate in Congress over further fiscal stimulus.

Asim, o Dow Jones caiu 1,92% para 26.764,25 pontos, o S&P 50 quebrou 2,37% para 3.236,99 pontos, e o Nasdaq recuou 3,02% para 10.632,99 pontos.

In the USA, the moment is uncertain. The bill that could provide some relief from the effects of the Covid-19 pandemic is shrouded in some doubts in Congress.

At a House of Representatives hearing, Powell said on Tuesday that since the crisis began, there has been a steady improvement in economic conditions in the United States, but uncertainty persists.

A Fed continuará a utilizar as “ferramentas” de que dispõe “durante o tempo que for necessário, para assegurar que a recuperação seja o mais forte possível e impedir que a economia sofra danos permanentes”, indicou o presidente do banco central norte-americano, que hoje tem mais uma audição.

On Tuesday, Wall Street bounced back from yesterday's declines and closed higher, thanks to the performance of major technology groups like Amazon, Apple, Facebook and Alphabet.

 

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