U.S. stock markets dipped Wednesday after Chairman Jerome Powell said the Federal Reserve is fighting the worst downturn since W

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U.S. stock markets dipped Wednesday after Chairman Jerome Powell said the Federal Reserve is fighting the worst downturn since World War II.

U.S. stock markets dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank will take further steps to combat the worst downturn since World War II and debate raged over whether states are scaling back coronavirus lockdowns too quickly. The Dow Jones Industrial Average dropped 106 points, or 0.45 percent, in the opening minutes of trading while the S&P 500 dipped 0.16 percent.

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