Markets

Even the oil market turned higher.

Markets have been stuck cycling between fear and budding optimism in recent weeks.

The virus has caused a near-shutdown of economic activity in the United States and abroad.

The House passed the bill Friday afternoon.

Markets are likely to remain extremely volatile as long as the coronavirus outbreak accelerates.

The S&P 500 lost 5.2%.

The U.S. airlines have asked the federal government for grants, loans and tax relief that could easily top $50 billion to help them recover.

The president also is pledging federal support for airlines struggling because of the pandemic.

He also said he sees a chance of recession and promised help to the struggling airline industry.

The steep drops over the last month have wiped out most of the big run-up.