For the first time in three weeks, all the large cap equity indices turned negative. Disappointing earnings reports, mixed coronavirus news and oil's unprecedented fall into negative territory were the main drivers. Small cap stocks outperformed their large cap counterparts with the Russell 2000 recording a small gain last week. On Thursday, a new $484 billion spending bill was passed in the House of Representatives. The bill aims to fund small business loans and support coronavirus testing. News on the virus itself was mixed last week. Hopes were dampened after leaked reports showed no effectiveness in a clinical trial of Gilead's new drug, remdesivir. However, hospitalization rates in New York have been in decline for 14 days. Another 4.4 million Americans filed unemployment claims last week, bringing the total to more than 26 million in the past five weeks.