Stocks closed in the green on Friday, as traders tried to regain some of the sharp losses from the previous session. The major averages saw their worst week since March. - The Dow gained 2%. - The S&P 500 was up 1.3%. - The Nasdaq was up 1%.
Steven Mnuchin told CNBC's Jim Cramer the U.S. can't shut down the economy again
Stocks had been ripping higher prior to this week, as investors cheered the prospects of the economy recovering as states and countries eases quarantine measures. "Some of these stocks may have gotten ahead of their skis," said Kinahan. "When you see some of the airlines being priced at the levels they were before this all started when they say they're going to do 60% of their business just doesn't make sense."
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