US stocks fall after weak jobs data, Trump Covid-19 diagnosis

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S&P 500 dropped 1%, while the Nasdaq Composite Index tumbles 2.2%. FMTNews Trump

NEW YORK: Wall Street stocks fell Friday following a weak US jobs report and President Donald Trump’s shock announcement that he tested positive for coronavirus.

US stock futures plunged on Trump announcement’s of the positive Covid-19 test early Friday morning but recovered somewhat during the session. The Labor Department reported that the US added 661,000 jobs in September, below expectations and less than half of the gains seen in August, even as the unemployment rate dipped to 7.9%.

 

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