White House Puts Pressure on 3M Stock

The S&P 500 and Nasdaq are also hit with sharp losses at midday

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Midday Market Check
MIDDAY MARKET CHECK
 
 

4/03/2020
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Dow Deep in the Red as Oil Surges

By Jacob Scott
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The Dow Jones Industrial Average (DJI) is sitting with modest losses at midday, down nearly 400 points. The Nasdaq Composite (IXIC) and S&P 500 Index (SPX) are following the Dow's lead with steep slides, as the Labor Department's nonfarm payrolls report fell by 701,000 in March for the first jobs decline in a decade.

The coronavirus pandemic continues to wreak havoc, with New York governor Andrew Cuomo reporting the state's biggest one-day spike in deaths yesterday. Meanwhile, energy stocks continue to be in the spotlight as oil prices rise, with May-dated crude up 4.9% at $26.60 per barrel at last check.

Continue reading for more on today's market, including: 

  • Apple is keeping its U.S. stores closed until early May.
  • White House pressure is weighing on 3M stock.
  • Plus, HUYA calls being sold; Live Nation stock floundering; and FC roars higher post-earnings.
>> Continue reading...
LATEST HEADLINES
>> 3M Ramps Up Face Mask Production on White House Order, Stock Slips
President Trump said he would invoked the Defense Production Act against 3M in a tweet late on Thursday
>> Apple Keeps U.S. Stores Closed Until Early May
AAPL puts have risen in popularity
>> Look Who's Going Bankrupt Next in America
Porter Stansberry is making a concerning prediction.
>> Constellation Stock Flat After Earnings Beat
The alcoholic beverage producer posted fiscal fourth-quarter earnings and revenue that beat estimates
>> Stock Futures Dinged by Dismal Jobs Report
Oil prices are once more rebounding today
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