Stocks slump after Trump tests positive, job growth slows

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Stocks open lower on Wall Street, reacting to the news that President Trump tested positive for the coronavirus. Employers also added fewer jobs last month than economists expected, the third straight month of slowing hiring.

FILE - In this Monday, Sept. 21, 2020 file photo, the "Fearless Girl" bronze sculpture looks towards the New York Stock Exchange. Stocks are falling early Friday, Oct. 2 as Wall Street’s first reaction to President Donald Trump’s testing positive for the coronavirus was to retrench. The S&P 500 was 0.9% lower after the first few minutes of trading, dropping with stocks around the world, Treasury yields and oil as investors pulled out of riskier investments and into safer ones.

The Dow Jones Industrial Average was down 116 points, or 0.4%, at 27,700, as of 10:07 a.m. Eastern time, after earlier being down 433 points. The Nasdaq composite was 0.9% lower. Also stirring up the market’s movements Friday was the latest report on U.S. jobs growth, which is usually the headline economic data of each month. EmployersOther reports on the economy were more mixed. Consumer sentiment was stronger for September than economists expected, which is key because their spending drives the bulk of the economy. Orders for machinery and other long-lasting goods also strengthened by more than expected in August, but growth in factory orders fell short of forecasts.

Extra benefits for laid-off workers and other support for the economy that Congress approved in March has expired, and investors have been clamoring for more assistance. Layoffs have remained stubbornly high across the country, and parts of the economy have slowed with the support from Congress gone.Thursday night, but it has little chance of getting through the Republican Senate. Talks between Democrats and Republicans on a compromise are continuing, but skepticism is high.

The Walt Disney Co. already announced earlier this week that it would lay off 28,000 workers, largely because of restrictions at its theme parks due to the coronavirus.

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Well I for one did not have trump getting COVID and tanking the stock market 30 days before the election on my bingo card.

Why would stocks be affected by this news?

Kahneman won the Nobel Prize in economics in 2002 for showing that the stock market is not rational, i.e. a 'dart throwing monkey has the same chance of success'. Wall Street ignores science, but is stunned by a predictable event. economy markets

I must admit I didn’t have massive stock market manipulation on my bingo card

Guess who's always been wearing a mask and is COVID FREE?🤔 👇

Mother fuck the job market! Mother fuck the racisim and mental abuse inflicted upon me by very rich corporations who don't take care of their employees & don't pay worth a crap. I could have sued CanonUSA for sexual harassment. I don't know why I did not.

😂😂😂😂😂

Was this nazi trump's scam? To short the market again?

CORRECTION: 'Stocks open lower on Wall Street, reacting to the news that Employers added fewer jobs last month than economists expected, the third straight month of slowing hiring. Also President Trump tested positive for the coronavirus.' You're welcome

My account is looking great. I buy the best stocks just like our great president

Story of Trump having COVID is just used to divert attention from the other negative news about him and Melania ($0 tax, Proud Boys Comment, CNN recording of Melania). Also, it is an excuse to avoid the next two debates. Don’t be fooled folks!

Buy low sell high

Yeah but there were still jobs added.

I just tested negative for sympathy! Ordering Chinese food for lunch. hopeistakinging1fortheteam Make America Sane Again November 3rd

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Stocks Skid After Trump Tests Positive For The CoronavirusStock prices tumbled following reports that President Trump tested positive for the coronavirus — adding a big note of uncertainty about the economy's prospects weeks before the November election. weird how that even works Story of Trump having COVID is just used to divert attention from the other negative news about him and Melania ($0 tax, Proud Boys Comment, CNN recording of Melania). Also, it is an excuse to avoid the next two debates. Don’t be fooled folks! 1AM and only his personal doctor? What if this unverified positive COVID19 test is a cover for his mysterrious admittance to Walter Reed? Per sources he looked weak yesterday. This could be an excuse to hide away for a few days or weeks. Nixonian level cover-up in the making?
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Stocks, Oil Prices Sink After Trump Tests Positive for VirusU.S. stock futures and Asian shares fell Friday after President Donald Trump said he and first lady Melania Trump had tested positive for the new coronavirus. IsItUpOrDown Wow They didn’t think their hoax through...Trump lies so much we can’t even believe that he has Covid-19!
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Entertainment Stocks Fall Amid Market Slide After Trump InfectionEntertainment industry stocks fell in early Friday trading amid a broad market slide after overnight news that President Trump had tested positive for COVID-19. Many sector stocks were holding up better than the broader market though in early trading. Check out my Gig on Fiverr: Do You Want To create 3d Amazing Video Intro Logo Animation Video In $5 ? Contact Me : LogoAnimation MadeOnFiverr Top Logo Animation Best Logo Animation The President is the King of Wall Street
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European stocks open lower after news Trump has contracted COVID-19European stocks opened lower Friday after the news U.S. President Donald Trump and First Lady Melania Trump contracted COVID-19. The Stoxx Europe 600... Womp womp? WATCH S3 E10 OF LAST MAN ON EARTH THERE, TRUMP AND HIS PREDECESSORS DIE FROM A VIRUS President Trump, Hong Kong People are praying for you and First Lady to stay healthy!!!! God bless America!! 🙏🏻
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