US stocks close lower, but Dow Jones scores biggest weekly gain since 1938

The major US stocks indices fell on Friday, despite the US Congress passing a stimulus aid package to support the economy from the coronavirus impact, but Wall Street posted strong weekly gains.

The US House of Representatives voted today on favour of the $2 trillion financial stimulus package, which is aimed at easing the coronavirus impact on US companies and families.

US President Donald Trump has already signed the fiscal stimulus package, indicating that it is the largest in the country's history.

President Donald Trump signed the stimulus bill after it was passed by the both the Senate and the House.

To the oil market, WTI crude fell 4.8% to close at $21.51 a barrel, and posted 4.5% weekly loss, after it hit a day high of $23.4 and and a low of $21.04.

Brent lost 5.3% to $24.93 a barrel, and posted 7.6% weekly loss, with a high of $27 and a low of $24.1.

As for stocks, Dow Jones fell 4.1% or 915 points to close at 21,636, and posted the largest weekly gain since 1938 of 12.8%, after it hit a day high 22,327 and a low 21,469.

Nasdaq fell 3.8% or 295 points to 7,502 points, and registered weekly gains of 9.1%, with a high of 7,716 and a low of 7,491.

S&P 500 fell by 3.4% or 88 points to 2,541, and posted 10.8% gain this week, with a high of 2,615 and a low of 2,520.