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Stocks lower after grim jobs report shows coronavirus clobbering the economy

April 3, 2020

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Stocks moved lower Friday morning after the release of the monthly U.S. employment report that showed massive job losses in March, even before the full extent of the economic devastation from the coronavirus pandemic was fully realized.

What are major indexes doing?

The Dow Jones Industrial Average DJIA, -1.54% was 211 points, 1%, lower, near 21,202, while the S&P 500 SPX, -1.46% lost 18 points, 0.7%, to trade near 2,509. The Nasdaq Composite Index fell 51 points or 0.7% to about 7,436.

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