Stock prices tumbled again on Thursday despite the Fed announcing nearly 1.5-trillion in liquidity funding that initially buoyed stock prices mid-day. US yields edged lower but closed well off the lows of the day which is a good sign. Gold prices tumbled and the dollar surged as the ECB also left rates unchanged reporting that they would increase their asset purchases. Riskier assets continued to tumble as the coronavirus made its way through the United States. This week has been a bloodbath for stocks globally. All sectors in the S&P 500 index were negative led down by energy shares which tumbled another 13%. Health care was the best performing sector down 7.3%. The energy sectors was driven lower by crude oil prices dropped more than 5% but did not take out the most recent lows.

Trump Owns the Second Worst Stock Market Performance in 40-years