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

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US stock futures plunged on Donald Trump's announcement of the positive COVID-19 test.

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.

The broad-based S&P 500 dropped 1.0 percent to 3,348.44, while the tech-rich Nasdaq Composite Index tumbled 2.2 percent to 11,075.02. Trump experienced only"mild symptoms" Friday after contracting Covid-19, a top aide said, but the Republican's already struggling re-election campaign was grounded.The Labor Department reported that the United States 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 percent.

 

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