The major indices decided it was five o’clock somewhere right off the bat today as they experience yet another “Corona Friday”. More concerns around the coronavirus have sent stocks lower with the S&P 500 down around 1.1% as of this writing and the Nasdaq down nearly 2% today. Declines on a Friday have become par for the course in 2020. Fridays have been the weakest day of the week so far in 2020; the only one to average a decline. On average, the S&P 500 has fallen 0.52% on Fridays while the next worst day has been Monday which has averaged a gain of 0.19%. Fridays have also been the day that the S&P 500 has closed higher the least. Only 28.6% of Fridays this year have seen the S&P 500 finish in the green. That compares to a positive close more than three-quarters of the time on Mondays, Wednesdays, and Thursdays. While it has averaged a gain of 0.24%, Tuesdays have also experienced a positive close less than half of the time.  

(Click on image to enlarge)