Weak payrolls data sent stocks spiraling today
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| | 4/03/2020 | |
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Stocks Sink, Oil Posts Best Week on Record | By Laura McCandless | | The Dow closed down 360 points, continuing its losses from midday, lead by more than 4% drops by American Express (AXP), United Health (UTX), and newly merged United Technologies and Raytheon's, Raytheon Technologies (now trading under RTX). A substantial surge in coronavirus-related deaths in New York as well as disappointing payrolls data fueled the fall, also dragging the S&P 500 and Nasdaq deep into the red. As uncertainty continues, Nuveen's Chief Investment Strategist Brian Nick says, "this still feels like something we're heading into, not heading out of." And while May-dated crude futures surged to their best week on record, all three major indexes locked in their third loss in four weeks. Continue reading for more on today's market, including: | >> Continue reading... | |
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