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Stocks fight to curb losses after dismal jobs report

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fox29.com:

NEW YORK - U.S. equity markets pushed back Friday against a dismal March jobs report showing the COVID-19 pandemic hit the U.S.

economy harder than expected. The Dow Jones Industrial Average fell just 70 points, or 0.33 percent, in the opening minutes of trading despite unemployment near the worst of the Trump era.

The S&P 500 and Nasdaq Composite dropped 0.42 percent and 0.39 percent, respectively. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The Labor Department said the U.S.

economy lost 701,000 nonfarm jobs in the month as the unemployment rate climbed to 4.4 percent. Wall Street economists surveyed by Refinitiv were anticipating a loss of 100,000 jobs and an unemployment rate of 3.8 percent.

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United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
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Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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