Dow Down 1,000: Cramer Says Market Readjusting

Has the optimism of investors run out?

On Thursday, June 11, we saw the Dow tumble more than 1,000 points for the first time since April.

The downturn came after Federal Reserve said it could take a long time for the U.S. economy to recover after being battered by lockdown measures instituted during the coronavirus pandemic.

The Federal Reserve on Wednesday, June 10 left interest rates unchanged, and projected interest rates would remain near zero through 2022. The central bank also said it would keep buying bonds and do what it takes to prop up the economy.

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