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On Friday, after president Donald Trump’s rose garden press conference with corporate chief executives to announce he was taking coronavirus seriously and declare it a national emergency, Bank of America’s share price shot up 17.8%.
Then, on Sunday, the Federal Reserve cut interest rates by 100 basis points, encouraged banks to use the discount window at an even further reduced cost and announced a $700 billion quantitative easing (QE) programme.
On Monday, Bank of America’s share price fell 15.
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