The new York stock exchange

Trades on the American stock exchange on Tuesday, March 3, ended with the fall of the major indexes.

The US stock exchanges closed with a drop in the key indices amid the Federal reserve’s decision to lower the rate to 1-1. 25%. This is evidenced by the auction.

Dow Jones has lost 2,94% – to 25917,41 points.

S&P 500 dropped by 2.81% to 3003,37 points.

The NASDAQ fell by 2.99% to 8684,09 points.

We will remind, on Tuesday the fed which serves as the Central Bank of the United States, held an emergency meeting for the first time since the financial crisis of 2008. It was declared to reduce the rate by 50 basis points in the fight against the risk of a new type of coronavirus.

The fed Chairman Jerome Powell said that the spread of the virus for some time will have an impact on the world economy.

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