Dow Jones opens lower after weak jobs report

2020-04-03 14:58:57 GMT (Economies.com)
Dow Jones opens lower after weak jobs report

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.

 
 
 
  Symbol Last Change Chg.%
1.1314
0.0195
1.7502%
1.2698
0.0284
2.2906%
Tadawul
7207.78
-14.63
0.20%
17.310
-0.769
4.256%
38.859
4.372
12.677%
42.13
2.12
5.30%
1683.520
-49.165
2.837%
 
 
US
 
Europe
 
Asia