Dow Jones Today Slumps After Fed Calls For More Stimulus

The Dow Jones today faces decline on renewed jitters about the state of the U.S. economy. The U.S. Federal Reserve's most recent minutes showed it expects that COVID-19 will "weigh heavily" on the American economy.

The Fed is likely to use "outcome-based" forward guidance. It will set new targets on inflation and unemployment before it raises interest rates again. More on this below.

Here are the numbers from Wednesday for the DowS&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change
Dow Jones 27,692.88 -85.19 -0.31
S&P 500 3,374.85 -14.93 -0.44
Nasdaq 11,146.46 -64.38 -0.57

Now here are what I think will be the most important market events and stocks on Friday morning.

The Top Stock Market Stories for Monday

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Disclosure: None.

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