Wall Street heads for more losses as stimulus high fades

Boeing Co fell another 20% in premarket trading as the planemaker called for a $60 billion bailout for aerospace manufacturers facing the pain of an extended collapse in global travel. “We’re just in panic mode here,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. Wall Street’s main indexes had bounced on Tuesday from a massive selloff a day earlier, as the Trump administration pressed for a $1 trillion stimulus package and the Federal Reserve relaunched a plan to purchase short-term corporate debt. …read more

Source:: Yahoo Finance

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