Stocks closed the week with losses as coronavirus cases mounted.
 | FRI, APR 03, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | XOM | 39.21 | -1.19 | -2.95% | | MSFT | 153.90 | -1.36 | -0.88% | | BA | 124.52 | +1.25 | +1.01% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | CCL | 8.49 | +0.52 | +6.52% | | M | 4.81 | +0.36 | +8.09% | | GE | 6.73 | -0.17 | -2.46% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAL | 9.39 | -0.67 | -6.66% | | AMD | 42.59 | -1.90 | -4.27% | | MSFT | 153.90 | -1.36 | -0.88% | |
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Friday's employment data was hardly complete and told Americans what too many millions of workers unfortunately already know. The March report tallied a loss of 701,000 jobs, but that's only a fraction of the 10 million who filed for unemployment claims in the last two weeks of the month. The hardest-hit sector was leisure and hospitality. Here's a breakdown of the job losses by CNBC's Tom Franck.  "Today's numbers are shockingly bad and an understatement of the damage already done to the U.S. economy," said Nick Bunker, economic research director at job search site Indeed. "If this is an indication of what was happening before the full force of the crisis hit, then it will be hard to come up with the words to describe the numbers in future months." Stocks fell sharply on Friday with New York reporting its biggest increase in coronavirus deaths. As CNBC's Patti Domm writes, investors are expecting depression-level unemployment, but what they want to know is when we'll see coronavirus cases finally wane. "This still feels like something we're heading into, not heading out of," said Brian Nick, chief investment strategist at Nuveen. "We can see the light behind us, but not ahead of us." Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
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