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.
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
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: NPR - 🏆 96. / 63 Read more »
Source: THR - 🏆 411. / 53 Read more »
Source: THR - 🏆 411. / 53 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »