The major averages couldn’t hold their early gains, closing with large losses on mixed news. Economic growth forecasts head further south.

Another up day for the markets as stimulus trumps what will be a parade of severely negative economic & earnings data over the next 6-months. At least for now.

Despite finishing on a down note the major averages soared this week with the S&P 500 up 250 points or 10.9%, while the NASDAQ jumped 655 points or 9.6%.

Following a mixed close yesterday the major averages posted another solid gain with the Dow and S&P 500 marking a 3rd straight advance, after the 2-trillion stimulus package goosed the markets.

Despite an early market surge after the Fed announced a 2-trillion stimulus package, the major averages couldn’t hold their early gains finishing mixed.

A massive short covering rally sends the Dow Jones Industrial Average to its best day since 1933 during the depths of the Depression, the major averages soar.

Determined attempts to move the major averages higher failed as they closed with large losses on generally positive economic data. The mortgage market tightens.

The major averages finish a bruising week as the Fed emergency interest rate cuts, restart of QE and Repo market liquidity injections fail to stem the slide.

Despite spreading alarm over the Covid-19 pandemic the major averages closed with modest gains. The days economic data shows some alarming details.

Despite mixed economic data the major averages plunge again on Coronavirus fears.  So far the Feds emergency rate cuts & trillions of promised stimulus.