U.S. stocks have recovered some of their steep losses from Thursday's historic sell-off. The stock market saw a massive rally in the final hour of trading as President Donald Trump officially declared a national state of emergency over the COVID-19 outbreak. Investors traded more hopefully under the possibility that the U.S. government will offer fiscal stimulus to companies hurt be the outbreak. However, markets are expected to remain volatile as stimulus has not been guaranteed.
Here's how the market closed out the week:
S&P 500 Index
Dow Jones Industrial Average
Nasdaq Composite Index
In Major Stock News, travel stocks--American Airlines
In Stock Sector News, sectors saw a much needed performance boost to close out this historic week. The performance gains were as follows: Financials +13.23%, Information Technology +11.96%, Communication Services +9.20%, Energy +8.84%, Real Estate +8.63%, Consumer Staples +8.41%, Industrials +7.83%, Health Care +6.95%, Materials +6.92%, Consumer Discretionary +6.08% and Utilities +5.55%.
Lastly, in Commodity and Currency News, crude oil prices increased Friday during the late market rally as Trump state the U.S. will buy more oil to fill up the Strategic Petroleum Reserve. Both the West Texas Intermediate