It was a wild day in the financial markets as investors tried to make sense of how the response to the spread of the coronavirus would affect their investments.

Interest rates moved up a bit as bond investors worried that large stimulus programs would make the deficits so large as to drive up rates in the years ahead.

The Dow Jones Industrials dropped 2,000 points, below the closing level of 19,827 on the day Trump took office, before recovering some lost ground to to finish down 1,338 points, or 6.3%, at 19,898.

The biggest loser this year has been oil, which is off 65%. The price of oil fell to $21 before clawing back to finish just over $22.

At $21, oil was cheaper on an inflation-adjusted basis than it was on average in 1972, before the oil embargo sent oil up more than 300%.