Wall Street had gained back the deep low's the the stock market saw on Friday, but all three market averages ended the day in negative territory. Despite the loss, the S&P 500 gained 0.6%, Dow Jones increased 1.7% and Nasdaq bumped up 0.1% after the wildly volatile week. Global markets have slumped for over two weeks now as investors fear the worst for the global economy as coronavirus cases top 100,000.
This week also marks the S&P 500's most volatile week in history. Since 1927, this is the first time the index has a week of alternating gains and loses of more than 2%. Mike Loewengart, managing director of investment strategy at E-Trade
Here's how major U.S. stock indices closed out the week:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, airline stocks--Untied Airlines
In Stock Sector News, all sectors are showing red Friday. The negative performance is as follows: Energy -5.61%, Financials -3.29%, Materials -2.62%, Information Technology -2.03%, Real Estate -1.69%, Consumer Discretionary -1.41%, Communication Services -1.25%, Industrials -0.90%, Utilities -0.77%, Consumer Staples -0.77% and Health Care -0.52%.
Lastly, in Commodity and Currency News, crude oil barrel prices reached over ten year lows Friday. The West Texas Intermediate