Global Stocks Tumble After US Central Bank Says Long Road To Recovery
Wall Street suffered its worst day since March 16 the Federal Reserve said it will be a long road to recovery for the US economy, triggering a sharp selloff across the globe. Global equities have surged since late March, with the Nasdaq reaching record highs and the S&P 500 climbing over 40 per cent from March lows as the number of coronavirus cases nationwide declined modestly.
