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Investors grew skittish over coronavirus news late in the week ending a two week streak of gains in stocks. Stock indices spent moments in positive territory early in the week but as the coronavirus outbreak grew so did the fears of its potential global economic impact. Its a flashback to the SARS outbreak in 2003 which was credited for nearly a 1% drop in China's GDP. But it was Friday when stocks really expressed concern and dip buyers were absent. U.S. stocks fell around 1% on the day. This was ...

Stocks opened lower on Thursday but once again the dip buyers refuse let a minor dip go to waste. The Dow did close down slightly (-26) but most indices did manage to climb back into positive territory by the close. The I-fund lagged with the overseas markets closed by the time U.S. stocks reversed, plus the dollar was up sharply. Bonds rallied as well.

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The Dow gave up an early morning triple digit gain to close slightly negative (-10) while the S&P 500, Nasdaq, and the I-fund posted gains for the day, but closed well off the highs. The small caps of the Russell 2000 also gave up a nice early gain and closed down, but the S-fund small/mid cap fund held onto a small gain. The Transports were down sharply again and bonds were up.

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Stocks were lower on Tuesday on news that a traveler from China to the U.S. was diagnosed with coronavirus. Perhaps overstated, but the market has been looking for a reason to pause, but even this little setback was minor. The Dow (-152-points) took a slightly bigger hit percentage-wise, and Boeing was the culprit again. Small caps and particularly the Transports lagged, while bonds rallied strongly - as far as bond market moves go.

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Stocks were mixed on Friday but another late surge took 2 of the 3 major indices to their highs of the day at the close. The Dow was up 50 points, or 0.17% and that lagged the S&P500 and Nasdaq who saw percentage gains of about twice that. Small caps and the Transports were down on Friday, as were bonds, while the I-fund was given a handsome gain of 0.44% despite the dollar rallying sharply, so I'm a little concerned about Monday's price being adjusted down.

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