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Dow slides 361 points after the US economy loses far more jobs than expected in March | Markets Insider

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US stocks fell Friday after the March jobs report showed a much larger-than-expected contraction of nonfarm payrolls. The US economy lost 701,000 jobs in March, according to Friday's report from the Labor Department.

Jefferies says these 15 stocks make the perfect buy for investors seeking quality, defense, and recovery as coronavirus sends markets spinning

Stocks fell further after New York Governor Andrew Cuomo said that the state saw its biggest spike in coronavirus-related deaths Thursday, when 2,935 people died. The number of COVID-19 cases continues to climb in the US and around the world., continuing gains from its best day on record Thursday, after reports that OPEC and its allies will meet Monday to discuss production cuts as the coronavirus pandemic craters demand.

Markets will likely remain volatile and investor confidence curbed until there are clear signs of progress either on the outbreak or the monetary policy actions by the Federal Reserve to mitigate damage from the virus. While there's a host of programs geared towards those issues,"we need to see that that's starting to have some success," Forester said.

 

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