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Wall Street slides after Fed Chairman says economic outlook includes 'great uncertainty'

Breaking News EmailsGet breaking news alerts and special reports. The news and stories that matter, delivered weekday mornings.SUBSCRIBEMay 13, 2020, 8:01 PM UTC / Updated May 13, 2020, 8:06 PM UTCBy Lucy BaylyWall Street benchmarks closed sharply down on Wednesday, after Federal Reserve Chairman Jerome Powell warned of a longer recession if Congress did not step in with additional fiscal stimulus.The Dow Jones Industrial Average ended the day lower by just over 515 points, with the S&P 500 down by 1.7 percent. The Nasdaq — which earlier this week had turned positive for the year, breaching the 9,000 mark — closed down by 1.5 percent on Wednesday.“There is a growing sense that the economy may recover more slowly than we would like, ...
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