Federal Reserve Cuts Interest Rates To Almost Zero

The video discusses the Federal Reserve's measures to support the economy during the coronavirus pandemic, including a $700 million bond purchase. These actions, along with state government shutdowns, contributed to a significant drop in the stock market, with the S&P 500 and Dow Jones experiencing major declines. The coronavirus, classified as a pandemic, has infected over 3,800 U.S. citizens, with 69 fatalities reported. Despite the challenges, some patients have recovered.

What actions did the Fed announce to boost the economy during the pandemic?

What was the percentage drop of the S&P 500 at the opening bell?

What were some reasons for the stock market drop mentioned in the text?

What classification was given to the coronavirus on Wednesday?

How many U.S. citizens were reported to be infected by the coronavirus as of Monday morning?