The Dow Jones now is volatile after the U.S. Federal Reserve released the results of 119 bond issue purchases within two days as of June 17.
The central bank had scooped up huge chunks of debt from AT&T Corp. (NYSE: T), UnitedHealth Group Inc. (NYSE: UNH), Comcast Corp. (NASDAQ: CMCSA) and Walmart Inc. (NYSE: WMT). Other events moving the Dow today, below.
Here are the numbers from Friday for the Dow, S&P 500, and Nasdaq:
Index Previous Close Point Change Percentage Change Dow Jones 25,015.55 -730.05 -2.84 S&P 500 3,009.05 -74.71 -2.42 Nasdaq 9,757.22 -259.78 -2.59
Now here are what I think will be the most important market events and stocks on Monday morning.
The Top Stock Market Stories for Monday
States from Florida to California are shutting bars and other businesses to stop the ongoing resurgence of COVID-19 cases. Over the weekend, Democrat leader Nancy Pelosi called on the CDC to set a mandate that would require all Americans to wear masks in public. Over the weekend, the seven-day average of new cases increased by 41% from the previous week, according to Johns Hopkins. At least 126,000 people have died from COVID-19 in the United States alone this year.
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The Federal Reserve’s efforts to purchase corporate debt is its latest effort to stabilize the U.S. economy. The central bank purchased 119 bond issues in two days as of June 17. However, the Fed did not really discriminate on the quality of the