Stocks slump on Fed comments, fears of second coronavirus wave

New York (AFP) – Fears of a second coronavirus wave and downbeat comments by the head of the US Federal Reserve helped push stocks lower on Wednesday.Wall Street’s main indices slid after Fed Chair Jerome Powell warned the economic outlook was “highly uncertain” and said Washington may need to spend beyond the nearly $3 trillion already approved by Congress.Chris Beauchamp, chief market analyst at online trading firm IG, said that “while Jerome Powell hinted at more measures to support the US economy, his warning about the speed of the recovery has sapped bullish sentiment.”Edward Moya at onli…

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