6/12, 8:24 PM (Source: TeleTrader)
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Dow turns negative after Fed's report

The Dow Jones fell below zero for a short period of time as the United States Federal Reserve (Fed) said in its Monetary Policy Report on Friday that the economic "path ahead is extraordinarily uncertain."

The recovery speed will depend on coronavirus evolution, the Fed said. Fed also warned that the economic damage of the recession may be "quite persistent." The Dow Jones grew 0.52% at 2:26 pm ET, while the Nasdaq 100 fell by 0.21%. The S&P 500 rose 0.39%,

The euro fell 0.63% against the dollar, changing hands for 1.12286 a minute later.

Breaking the News / TF