Friday Frenzy: Huge Late Surge Nearly Erases Thursday’s Losses As Washington Promises Help

Friday Frenzy: Huge Late Surge Nearly Erases Thursday’s Losses As Washington Promises Help

Stocks surge in huge late rally as President Trump announces federal help to address crisis. Major indices make up for most of Thursday's losses in wild finish to session. From the market's perspective, this was the week coronavirus hit home.. The week things got more real right in the U.S.. Major sports leagues postponed tournaments, travel from Europe shut down, and companies and schools suspended normal operations, making it clear that the U.S. economy wouldn't get a pass.. Uncertainty about response to the virus helps explain why if you look out ahead, the options markets appear to be predicting more wild swings in stocks.. Financials took heat earlier this week from the historic low yields that could conceivably put their margins under pressure.. Big bank stocks might be getting some traction as some investors appear to be gravitating toward companies with lots of cash that pay dividends and have made it through times like these in the past.. Consider the stretch a preview of earnings season, which kicks off with banks in four weeks.. It's important for investors not to panic and to maintain perspective, but also to keep their wits about them as governments and companies deal with the