Dow closes 150 points higher as Fed announcement sparks big comeback from massive losses

, marking a broader approach to corporate bond buying. The Fed previously had indicated that it eventually would buy bonds on the primary market, but Monday's announcement marked an expansion of that into the secondary market. This latest announcement also shows the Fed will continue to support credit markets during the coronavirus.

"The Fed is always going to try and show who's boss," said Ilya Feygin, senior strategist at WallachBeth Capital. "It's continuously proving it can do more and it's effective."The iShares iBoxx Investment Grade corporate bond ETF shot up to its session high after the Fed announcement, closing more than 1% higher.resurgence in the virusThe Dow and S&P 500 lost 5.5% and 4.7% last week, respectively, while the Nasdaq shed 2.3%.

ok ok

Trump is gonna bully the Fed to do every trick in the book every time the market falls a wee bit. Total manipulation. Gonna be a crazy pump and dump scheme through end of year.

It's not a 'Plandemic' it's a Scamdemic.

How does the market “need support” when the NASDAQ is basically at all time highs and Trump keeps telling us we have the best economy ever?

As the FED provides Socialism for losses for the WEALTHY. Crony Crapitalism is the new normal.

I'm not very good with language, either. But let me help you with that parallel structure: Dow up 0.62% S&P gained 0.83% NASDAQ advanced 1.4%

more trillions to come ;)

FEDcriminals and political elite enablers and permabull charlatan financial media like you will be first against the wall when the revolution wahses through the system

The Fed is buying my mortgage as well and letting me live in my home free.

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