European, U.S. stocks mostly fall after weak data

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'The market seems to be running out of steam. We're starting to see some of the real negative macro news,' says an analyst.

But Spain's parliament voted to extend the country's state of emergency, allowing stringent coronavirus lockdown measures to remain in place for at least two more weeks.US stocks opened higher, but both the Dow and S&P 500 finished in the red following a choppy session.

"As the macro indicators become more of a factor, that's going to create a bit of hesitancy on the part of the investors," Cardillo added.Markets are girding for Friday's US employment report, which is set to make history as the worst single-month job loss ever. The consensus forecast indicates the US lost 21 million jobs and unemployment ballooned from 4.4% to 16.2%, but some economists are forecasting a worse result.

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