New York covid-19 pandemic economy New York

Stocks tumble as unemployment spikes on coronavirus layoffs

Reading now: 498
www.fox29.com

NEW YORK - U.S. equity markets tumbled Friday after a dismal March jobs report showed the COVID-19 pandemic hit the U.S.

economy harder than expected. The Dow Jones Industrial Average fell 361 points, or 1.69 percent, as unemployment surged to a level near the worst of the Trump era.

The S&P 500 and Nasdaq Composite dropped about 1.5 percent each. For the week, stocks fell across the board as the number of confirmed COVID-19 cases crossed 1 million globally.

The Dow fell 2.7 percent while the S&P lost 2.1 percent and the Nasdaq slid 1.7 percent. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates The Labor Department said on Friday that the U.S.

Read more on fox29.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA