Wall Street stocks drop on disastrous United States unemployment data

Trump Extends Coronavirus Social Distancing Guidelines To April 30 Stock Futures Fall

Coronavirus Impact: S&P 500 heads for worst Q1 since 1938

Japan's Nikkei 225 led Asian markets into the red with a 4.5 percent loss.

Declining issues outnumbered advancing ones on the NYSE by a 1.25-to-1 ratio; on Nasdaq, a 1.04-to-1 ratio favored decliners. French stocks lost 0.5% after also being slightly higher.

The empty New York Stock Exchange is seen in a file photo as traders work remotely during the pandemic.

The broad S&P 500 Index (SPY) of large-cap stocks gained 2.3% to close at 2,526.90.

The amount cited by Trump would represent an unprecedented cut equal to 10 percent to 15 percent of global supply, in output per day terms, a common unit of measurement.

But the virus outbreak abruptly put the clamps on the economy.

Oil prices remained solidly in the green, with the USA benchmark West Texas intermediate rallying on reports China is planning to ramp up crude purchases for its strategic reserve in the wake of oil's epic crash.

Friday's early decline follow a 470-point gain for the Dow on Thursday, fueled by hopes of stabilization coming to oil prices.

E-Mini futures for the S&P 500 fell 0.04 percent. Congress, meanwhile, approved a $2.2 trillion rescue plan for the economy, and leaders are already discussing the possibility of another round of aid.

"Sentiment in the market is still very fearful", said Dan Russo, chief market strategist at Chaikin Analytics.

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Taste alterations were more likely to be reported prior to hospitalization, and women were more likely to report this than men. Coronavirus patients with mild symptoms could be contagious for up to eight days - after getting better, experts have claimed.


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On Sunday, the Rwandan health department announced that the country has 70 confirmed Covid-19 cases. One drug is a popular anti-malaria drug that is also used to treat autoimmune diseases like Lupus.


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That figure is higher than both China and hard-hit Italy, which accounts for a third of the 24,000 deaths worldwide. According to Johns Hopkins University data, 27,333 people have died due to the disease across over 170 countries.


"It's hard to envision the market moving meaningfully higher until you get some visibility of where earnings are going to go", he said.

Government bond yields held steady as investors remained cautious about buying riskier assets. But, as has so often been the case in this year's volatile market, it took a few U-turns to get there.

"Most of the selling was done yesterday in anticipation of the jobs number and investors were looking for entry points as everyone expected it to be bad and they have been", said Jamie Cox, managing partner of Harris Financial Group in NY. Eastern time. The Dow Jones Industrial Average fell 75 points, or 0.4%, to 21,338, and the Nasdaq was down 0.1%.

The relatively modest moves are a big departure from earlier in the month, when huge swings punished investors. Sandwiched in between was a 9.3% surge.

Global coronavirus cases surpassed 1 million yesterday with more than 52,000 deaths as the pandemic further exploded in the United States and the death toll climbed in Spain and Italy, according to a Reuters tally.

For most people, the coronavirus causes mild or moderate symptoms, such as fever and cough that clear up in two to three weeks. But for others, especially older adults and people with health problems, it can cause more severe illness, including pneumonia, and death.

Abbott Laboratories climbed by 6.41 percent after winning US approval for a diagnostic test for COVID-19.

A report on Wednesday said private USA employers cut 27,000 jobs last month, though that was milder than expected. "Huge challenges still lie ahead". It fell 6.6% to $20.09 a barrel Monday, after touching its lowest price since 2002. Brent crude, the worldwide standard, lost 42 cents to $25.94 per barrel.

The dollar index rose 0.672 per cent, while the Japanese yen weakened 0.21 per cent versus the greenback at 108.15 per dollar.

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