Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Dow Jones opens lower after weak jobs report

Economies.com
2020-04-03 14:14PM UTC

Most US stocks opened lower on Friday, after the release of a disappointing monthly jobs report, which sparkred investors' fears about the US economy performance.

 

The US Department of Labor revealed that the US economy has lost around 701,000 jobs in March, sharply lower than estimates of losing 100,000 jobs.

 

The unemployment rate jumped to 4.4% in March vs. 3.5% during February.

 

This showed the extent of the ongoing coronavirus pandemic impact on the US economy.

 

President Donald Trump stressed on Tuesday the US will face "very, very painful two weeks," due to the coronavirus.

 

As for stocks, Dow Jones rose 0.2% or 50 points to 21,364 as of 14:11 GMT, while Nasdaq rose 0.1% or 10 points to 7,492, and S&P 500 held at 2,527.

American Markets News

Americas News

Markets

Wall Street inches down as investors assess US trade decisions
2025-07-08 15:31PM UTC
US stock indices declined slightly during Tuesday trading as markets continued to assess the trade ...
Americas News

Markets

Wall Street declines despite positive remarks on trade
2025-07-07 15:38PM UTC
U.S. stock indices declined during Monday trading as markets assessed the latest developments in ...
Americas News

Markets

Wall Street ends higher with both NASDAQ and S&P 500 marking fresh record highs
2025-07-03 18:31PM UTC
U.S. stock indices rose on Thursday in a shortened trading session ahead of a holiday break, with ...