Mounting worries over the coronavirus and a dismal jobs report pressured equities to end the week.
rose by 562 in 24 hours to more than 2,900
for its biggest increase to date. Cuomo added the curve of confirmed cases "continues to go up," noting there are now over 100,000 cases in the state. U.S. payrolls fell by 701,000 in March, marking the worst jobs report since 2009, while the unemployment rate jumped to 4.4%. Bottom line, investors are bracing for even more grim news on the virus and the economy.
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