US STOCKS SNAPSHOT-Stocks pare losses slightly; Fed chair vows to support economy as appropriate

Published 28/02/2020, 20:39
Updated 28/02/2020, 20:45
© Reuters.  US STOCKS SNAPSHOT-Stocks pare losses slightly; Fed chair vows to support economy as appropriate

Feb 28 (Reuters) - The S&P 500 pared losses slightly after

the U.S. Federal Reserve Chair Jerome Powell said the economy

was solid though coronavirus posed a risk and he vowed that the

central bank would "use its tools and act as appropriate to

support the economy." {nW1N2AL00A]

The Dow Jones Industrial Average .DJI fell 749.36 points,

or 2.91%, to 25,017.28, the S&P 500 .SPX lost 71.97 points, or

2.42%, to 2,906.79 and the Nasdaq Composite .IXIC dropped

149.41 points, or 1.74%, to 8,417.07.

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