Dow closes more than 350 points lower as job losses hit an 11 year high

Saturday, 4 April 2020 03:19 WIB

Indeks NasdaqIndeks S&P 500Indeks Dow JonesSahamAS


U.S. stocks closed lower Friday as investors assessed the economic damage wrought by the coronavirus epidemic, after the Labor Department reported the U.S. economy lost more than 700,000 jobs in March, and that the unemployment rate rose to a near three-year high of 4.4%.

The Dow Jones Industrial Average fell 358 points, or 1.5% to close near 21,055, the S&P 500 index fell 38 points, or 1.8% to close at roughly 2,489 and the Nasdaq Composite retreated 114 points, or 1.5% to finish at about 7,373.

Analysts said the March report understated weakness in the labor market as the underlying surveys of businesses and households was taken in the second week of March, before many restrictions to battle the spread of COVID-19 were in place.

Elsewhere, oil prices continued to rise as optimism grew that deal to lower global production would soon be agreed upon. The gains helped to blunt Friday losses to the energy sector, which gained 5.3% this week and was the best performing S&P 500 sector.

Source : MarketWatch


  • Hong Kong stocks ended Thursday morning slightly lower as profit-taking set in after a three-day surge fuelled by optimism over signs of a pick-up in global economies as lockdowns ease. The Hang Seng...
  • Hong Kong shares climbed more than one percent at the open Thursday, pushing this week's rally into a fourth day on optimism over lockdowns easing, though investors will be keeping an eye on any prote...



Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.