Wall Street's Thursday rally brought market benchmarks to their best week of gains in decades. The Dow Jones lead the weekly gain at 12.7%, with S&P 500 and Nasdaq not far behind with an increase of 12.1% and 10.6% respectively. The Federal Reserve's announcement that the central bank will be issuing even more measures to help the coronavirus-beaten economy injected more investor optimism to the market. The bank's new programs include more loans for small and medium sized businesses that totals up to $2.3 trillion. The Fed also plans to buy corporate investment grade and junk bonds, standing by their statement of doing whatever it take to help the economy.

Market participants observed more positive signs that the coronavirus outbreak may be slowing in the United States, igniting market optimism that was not extinguished by the greater than expected 6.6 million more unemployment filings last week and the record consumer sentiment decline in April.

Here's how the market closed for the week:

S&P 500 Index (SPY  ): +1.45% or +39.84% to 2,789.82

Dow Jones Industrial Average (DIA  ): +1.22% or +285.8 points to 23,719.37

Nasdaq Composite Index (QQQ  ): +0.77% or +62.67 points to 8,153.58

In Major Stock News, Disney (DIS  ) shares rose on Thursday after the media company said the Disney+ now has over 50 million subscribers, almost twice as many the entertainment company reported in February. Ford (F  ) stock staged a rally after the Federal Reserve announced that it will buy corporate junk bonds; Ford's debt was downgraded to junk earlier in the year. Coronavirus beaten travel stocks--American Airlines (AAL  ), Carnival (CCL  ), Delta (DAL  ), Norwegian Cruise Lines (NCLH  ), Royal Caribbean (RCL  ), United Air Lines (UAL  )--all posted gains on Thursday as more positive coronavirus news increases market optimism.

In Stock Sector News, every sector, besides Energy -1.08%, ended Thursday's session in positive territory. The positive performance gains were as follows: Financials +5.19%, Real Estate +5.15%, Utilities +4.75%, Materials +4.27%, Consumer Discretionary +1.43%, Industrials +1.43%, Consumer Staples +0.79%, Communication Services +0.69%, Health Care +0.56% and Information Technology +0.02%.

In Commodity and Currency News, oil prices steeply fell even with OPEC+ passing a historic 10 million barrel per day production cut; critics say cut won't be enough to prevent oil's collapse due to the coronavirus. West Texas Intermediate (USO  ) fell over -11.2% and Brent Crude (BNO  ) dropped just under -6.10%, bringing barrel prices between $23-$32 each. Gold (GLD  ) prices rallied on Thursday +2.3%. Finally, the U.S. Dollar (UUP  ) weakened on Thursday, with the DXY Index dropping -0.60%.

Moving forward, Wall Street will be closed on Friday in observance on Good Friday. Market participants moving forward will be monitoring news surrounding the coronavirus outbreak as well as corporate earnings next week.