Stock market continues its historic slide, capping one of the worst weeks since financial crisis

my reading of the numbers that we have at hand and again, I acknowledge this could change. Acknowledged the situation could deteriorate, and I acknowledge the risks. But given what we know factually, it looks to me like the market has gone too far. I've seen this before and it can come back very rapidly. But I'm not saying the markets wrong. It is what it is. You know, you got millions of people trading and all around the world. Um, but I just think everybody, whether you're an investor or whether you're, you know, ordinary Main Street person, people should not overreact. That's important thing. That's not overreact. We're dealing with this almost a day at a time, and, um, we have no precipitous actions right now again, you know, it's sometimes a hard case to make in the middle of one of these crises, which is part psychology and heart fact. But, um, I just don't think anybody oughta panic right now. We're going to stay the course on our policies, ex cuts and deregulation and energy and trade, you know, and that's worked well. It's worked, and the economy is sound

U.S. stocks tumbled once again on Friday, as coronavirus fears continue to mount. Equities are on track for their worst week since the financial crisis.Stocks opened sharply lower and extended their losses in the first hour of trading before regaining some lost ground around midday.The Dow fell nearly 1,086 points at its low-point. It was down 777 points, or 3%, in the afternoon -- its seventh-straight day in the red. The index dropped 3,226 points in the first four days of the week, including its worst one-day point drop in history on Thursday. On a percentage basis, Thursday's 4.4% slump was the worst performance since February 2018.The Dow was able to bounce back, though still ending the day in the red, down more than 350 points.The S&P 500, the broadest measure of the stock market, fell 2.4%.The Nasdaq Composite briefly turned positive around midday, but it was down 1.7% in the afternoon.All three stock benchmarks were on track for their worst week since October 2008. The Dow is also on track for its worst month since October 2008, while the S&P 500 is also pacing for its worst month since February 2009.Coronavirus fears have also clobbered the energy market as investors brace for a collapse in demand for everything from jet fuel to diesel and motor gasoline. Decreased factory activity in China, where businesses shut to contain the outbreak, is also weighing on prices.Crude oil, which is often viewed as a real-time barometer of economic growth, has plunged deeper into a bear market. US oil plunged 4.9% on Friday to $44.76 a barrel. Crude hasn't closed below $46 since December 2018. The commodity is on track for its sharpest weekly decline since 2011.Gold, which is traditionally a safe haven during times of market trouble, sold off too. Market participants attribute the drop to investors pulling cash out of their gold investments to counter their losing stock investments. Gold futures settled 4.6% down at $1,564.10 an ounce, recording its worst one-day percentage loss since November 2016.Treasury yields slipped further and hit new record lows on Friday as investors piled into the safe haven government bonds. Bond yields and prices move opposite to each other. The 10-year bond yield dropped below 1.15%.

U.S. stocks tumbled once again on Friday, as coronavirus fears continue to mount. Equities are on track for their worst week since the financial crisis.

Stocks opened sharply lower and extended their losses in the first hour of trading before regaining some lost ground around midday.

The Dow fell nearly 1,086 points at its low-point. It was down 777 points, or 3%, in the afternoon -- its seventh-straight day in the red. The index dropped 3,226 points in the first four days of the week, including its worst one-day point drop in history on Thursday. On a percentage basis, Thursday's 4.4% slump was the worst performance since February 2018.

The Dow was able to bounce back, though still ending the day in the red, down more than 350 points.

The S&P 500, the broadest measure of the stock market, fell 2.4%.

The Nasdaq Composite briefly turned positive around midday, but it was down 1.7% in the afternoon.

All three stock benchmarks were on track for their worst week since October 2008. The Dow is also on track for its worst month since October 2008, while the S&P 500 is also pacing for its worst month since February 2009.

Coronavirus fears have also clobbered the energy market as investors brace for a collapse in demand for everything from jet fuel to diesel and motor gasoline. Decreased factory activity in China, where businesses shut to contain the outbreak, is also weighing on prices.

Crude oil, which is often viewed as a real-time barometer of economic growth, has plunged deeper into a bear market. US oil plunged 4.9% on Friday to $44.76 a barrel. Crude hasn't closed below $46 since December 2018. The commodity is on track for its sharpest weekly decline since 2011.

Gold, which is traditionally a safe haven during times of market trouble, sold off too. Market participants attribute the drop to investors pulling cash out of their gold investments to counter their losing stock investments. Gold futures settled 4.6% down at $1,564.10 an ounce, recording its worst one-day percentage loss since November 2016.

Treasury yields slipped further and hit new record lows on Friday as investors piled into the safe haven government bonds. Bond yields and prices move opposite to each other. The 10-year bond yield dropped below 1.15%.

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