Stock futures traded mixed Wednesday evening, but mostly hugged the flat line as equity investors took a pause from the heavy selling earlier in the day.
Top news and what to watch in the markets on Wednesday, September 23, 2020.
Asian shares fell on Thursday following a slump on Wall Street overnight, as a series of warnings from U.S. Federal Reserve officials underscored investor worries over the resilience of the economic recovery. U.S. Federal Reserve Vice Chair Richard Clarida said on Wednesday that the U.S. economy remains in a "deep hole" of joblessness and weak demand, and called for more fiscal stimulus, noting that policymakers "are not even going to begin thinking" about raising interest rates until inflation hits 2%. Cleveland Federal Reserve Bank President Loretta Mester echoed Clarida, saying that the U.S. remains in a "deep hole, regardless of the comeback we've seen."