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Stock impact report

Stocks see best week in 45 years after latest Fed rescue [CBS News]

Prudential Financial, Inc. (PRU) 
Last prudential financial, inc. earnings: 2/4 04:18 pm Check Earnings Report
US:NYSE Investor Relations: investor.prudential.com
Company Research Source: CBS News
Wall Street closed out its best week in 45 years on Thursday after the Federal Reserve launched its latest titanic effort to support the economy through thecoronavirusThe central bank announced programs to provideup to $2.3 trillion in loansThe stock market is not the economy, and that distinction has become even more clear this week. The S&P 500-stock index  rose 1.4% Thursday, the same day the government announced6.6 million Americans applied for unemployment benefitsStock investors are continuously looking ahead to where the economy will be a few months or more in the future. From mid-February through late March, they sent stocks down by a third on expectations that a steep recession was imminent, just before the economy really began to crunch.Trending ›In the last few weeks, though, investors have sent the market back up nearly 25% following promises for massive aid from the Fed, other central banks and governments around the world, even as evidence piles up that the recession fe Show less Read more
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