SCHW - Stocks stumble again amid fears of trading instability

Wall Street on Wednesday logged its worst day since October despite many catalysts that could have been utilized by traders. On the surface level, things appeared to be positive for equities, like the unwavering support of the Federal Reserve. While the central bank flagged a moderating recovery, Chairman Jay Powell made clear the U.S. central bank was nowhere near exiting massive support for the economy, left benchmark interest rates near zero and repeated a pledge to maintain its bond buying program at the current pace of $120B of purchases per month. U.S. stock index futures still fell again overnight: Dow -0.4%; S&P 500 -0.7%; Nasdaq -1%.While coronavirus vaccine delays and a much anticipated pullback from all time highs served as an excuse to book profits, worries are growing. Dealers said highly leveraged investors need cash to cover losses elsewhere as retail investors involved with the WSB Reddit channel continue to

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Stocks stumble again amid fears of trading instability