Market Update Thursday, April 9th

Dan Moylan, our Chief Investment Officer at Carlson Financial, comments on today’s market movers.  A few of the key points included: this is the last update for the week as the market is closed on 4/10/2020 for Good Friday, the market ended the day in the green, the Fed made a move to support the economy with new loan programs and bolstering existing programs, the big deal today is the $600 billion Main Street Lending Program to support small and medium size businesses, the jobless report showed over 6 million new claims but was seen as a positive because they are getting paid under the guidelines of staying home, there has been a deal between OPEC and Russia to cut oil production, and hopefully over Easter weekend the numbers continue to confirm the peak of coronavirus with the American public continuing to embrace physical separation.