Stocks Slammed As Markets Grapple With Weak Jobs Data, Covid In The White House

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The announcement that President Donald Trump tested positive for coronavirus triggered a sell-off in early morning trading around the world

. Tech firms are among the day's hardest hit stocks, and Wall Street investors are now preparing for increased volatility in the weeks leading up to the election.The tech-heavy Nasdaq opened down more than 260 points, or 2.3%, while the Dow Jones Industrial Average was down 450 points, or 1.6%, and the S&P 500 fell 1.7%.

Tech stocks are among the morning's biggest losers include Tesla, down 5%, Apple, down 3%, and electric-carmaker Nikola, down 6%. Cboe's VIX Index, which measures volatility expectations based on options contracts, jumped up more than 7%, reaching its highest point since early September when tech stocks corrected and the Nasdaq had its fastest 10% plunge in history.in September, about 25% less than the 859,000 new jobs economists were forecasting and less than half of the nearly 1.5 million jobs the economy added back in August.

The unemployment rate of 7.9% was better than the forecast of 8.2%, but it's still far below the 3.5% unemployment rate in February–before governments shut down businesses after a domestic spike in coronavirus cases.President Donald Trump announced in a tweet shortly after midnight on Friday that he and First Lady Melania had tested positive for Covid-19, adding that they'd begin quarantining"immediately.

 

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Thousands of people are dying in Nagorno-Karabakh these days- but medias post how Trump is tested positive for corona... LIVES MATTER!!!!!!!

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. Vote him out!!

This is Trump’s out from getting hammered in the election...step down to “focus on his health...”

Great time to buy...In a week or so, when the POTUS and FLOTUS are doing fine it will 🚀

Thoughts & prayers to economy & stock market. DowJones TrumpHasCovid economy

DONALD TRUMP YOUR VOTERS AND FALSE PROPHETS ARE NOT CHRISTIAN ! CHRISTIANS DO NOT SUPPORT ANGER AND DEATH TO THE BROTHER OF ANY NATIONS, WHETHER BY COLOR,OR SOCIAL POSITION, JESUS SAID:YOU WILL LOVE YOUR LORD GOD WITH ALL YOUR HEART AND LOVE YOUR NEIGHBOR LIKE YOURSELF. KRISHNA

⚾️❤🕸🔥👅

Finally that´s great 👏👏👏

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