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14 May: Stock market news for May 13, 2020

Stock market news Latest stock market news for May 13, 2020. “Stocks Fall as Fed’s Powell Says Outlook ‘Highly Uncertain’Shares of beaten-down energy, airline and bank stocks were among the biggest decliners. The Dow Jones Industrial Average dropped more than 500 points Wednesday after Federal Reserve Chairman Jerome Powell said further stimulus could be needed to support the economy’s recovery from the coronavirus-induced contraction. The blue-chip index and the S&P 500 opened modestly lower, and their declines accelerated as the session progressed. The Dow industrials dropped nearly 700 points at their lows. The declines were broad, with 29 of the 30 stocks in the index in the red, along with all sectors.” Source: https://www.wsj.com/articles/global-stock-markets-dow-update-05-13-2020-11589342813 Stock market close on May 13, 2020 S&P 500: 2,820.00,-50.12(-1.75%)Dow 30: 23,247.97,-516.81(-2.17%)Nasdaq: 8,863.17,-139.38(-1.55%)Russell 2000: 1,233.17,-42.36(-3.32%) Stock movers Genius Brands International, Inc. (GNUS) stock was among stocks that moved, with a stock price of 1.3100+0.5816 (+79.85%). Stocks…