Share This Article

Facebook LinkedIn
Twitter Reddit
Print Email
Pinterest Gmail
Yahoo
Money Morning
×
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
  • Retire
    • Income Investing Guide
    • Retirement Articles
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
Login My Member Benefits Archives Research Your Team About Us FAQ
  • Invest
    • Best Stocks to Buy
    • Stock Forecasts
    • Stocks to Sell Now
    • Stock Market Predictions
    • Technology Stocks
    • Best REITs to Buy Now
    • IPO Stocks
    • Penny Stocks
    • Dividend Stocks
    • Cryptocurrencies
    • Cannabis Investing
    • Angel Investing
    ×
  • Trade
    • How to Trade Options
    • Best Trades to Make Now
    • Options Trading Strategies
    • Weekly Trade Recommendations
    ×
  • Retire
    • Income Investing Guide
    • Retirement Articles
    ×
  • More
    • Money Morning LIVE
    • Special Investing Reports
    • Our ELetters
    • Our Premium Services
    • Videos
    • Meet Our Experts
    • Profit Academy
    ×
  • Subscribe
Enter stock ticker or keyword
×
5 Ways to Beat the Fed (and Crush Inflation)

Email this Article

Send with mail | ahoo instead.
Required Needs to be a valid email
Required Needs to be a valid email
Dow Jones Drops 100 Points as Investors Prep for Worst Jobs Report in a Decade
https://moneymorning.com/?p=1137436
Required Please enter the correct value.
Twitter
Stocks: GE, MDT, RMD

Dow Jones Drops 100 Points as Investors Prep for Worst Jobs Report in a Decade

By Garrett Baldwin, Executive Producer, Money Morning • April 3, 2020

Start the conversation

Comment on This Story Click here to cancel reply.

Or to contact Money Morning Customer Service, click here.

Your email address will not be published. Required fields are marked *

Some HTML is OK

Garrett BaldwinGarrett Baldwin

The Dow Jones Industrial Average lost more than 100 points out the gate this morning, investors preparing for higher unemployment levels in the United States.

Yesterday, the Labor Department said that more than 6.3 million people applied for unemployment benefits. Today, the official jobs report was off in terms of reality. The official rate jumped from 3.5% to 4.4%. However, private reports suggest that the real rate is somewhere north of 10%. More news on the coronavirus crisis below.

Here are the numbers from Thursday for the Dow, S&P 500, and Nasdaq:

Index Previous Close Point Change Percentage Change
Dow Jones 21,413.44 +469.93 +2.24
S&P 500 2,526.90 +56.40 +2.28
Nasdaq 7,487.31 +126.73 +1.72

Now let's take a look at what I consider to be the most important market events to start your day.

The Top Stock Market Stories for Friday

  • Johns Hopkins University reports that the number of global coronavirus cases topped 1 million on Thursday. The death toll around the globe now has topped 53,000 with the bulk of reported cases happening in the United States. Nearly 250,000 confirmed cases have occurred in the United States. Last night, Miami's mayor asked the president to stop all air traffic into the top COVID-19 hot spots inside and outside the United States.

Get Your Buy List Ready: COVID-19 has crushed markets, but stocks will bounce higher. This is a once-in-a-lifetime chance to get into great companies at historically low prices, so put these stocks on your buy list now...

  • U.S. President Trump has asserted his authority to force companies to help produce ventilator materials for suppliers of the machines. U.S. experts have said that the medical system will require tens of thousands of ventilators from General Electric Co. (NYSE: GE), Medtronic Plc. (NYSE: MDT), ResMed Inc. (NYSE: RMD), Royal Philips (NYSE: PHG), Hill-Rom Holdings Inc. (NYSE: HRC), and Vyaire Medical.
  • Today ends 113 consecutive months of payroll growth for the United States. The U.S. Labor Department reported this morning that the unemployment rate hit 4.4% in March... and this is only the beginning. Economists worry that it is going to take years - potentially into 2023 - now for companies bounce back from this crisis and get the rate back down to 4.5%. JPMorgan and Goldman Sachs have recently projected that the unemployment will peak above 30% at some point in 2020.

Stocks to Watch Today: JPM, TSLA, AAPL

  • JPMorgan Chase & Co. (NYSE: JPM) is in focus as the banking sector plans to launch Friday's small business rescue program. JPM is not prepared to launch its efforts despite the White House's plans to move forward, according to reports.
  • Shares of Tesla Inc. (NASDAQ: TSLA) rallied more than 17% after the company topped delivery estimates on Thursday. The firm reported that it had delivered 88,400 vehicles during the first quarter. However, the company did state it was uncertain about the impact of coronavirus on sales in the year ahead.
  • Apple Inc. (NASDAQ: AAPL) announced it will keep its stores closed in the United States through at least May. The company will also ensure that its workers operate from home offices for the foreseeable future.

The Complete Guide: The coronavirus has erased trillions of dollars from global markets, yet this can be one of the most important wealth-building moments in your life - if handled correctly. Here's what to do...

Follow Money Morning on Facebook and Twitter.

Join the conversation. Click here to jump to comments…

Garrett BaldwinGarrett Baldwin

About the Author

Browse Garrett's articles | View Garrett's research services

Garrett Baldwin is a globally recognized research economist, financial writer, consultant, and political risk analyst with decades of trading experience and degrees in economics, cybersecurity, and business from Johns Hopkins, Purdue, Indiana University, and Northwestern.

… Read full bio

Login
guest
guest
0 Comments
Inline Feedbacks
View all comments
LIVE
Visit Money Morning Live


Latest News

January 19, 2023 • By Money Morning Stock Research Team

These Stocks Could Go To $0

January 9, 2023 • By Money Morning Stock Research Team

The Government Is Pouring $391 Billion Into These Stocks - Buy Now

December 27, 2022 • By Money Morning Staff Reports

6 IPOs in 2023 You Can’t Afford to Miss
Trending Stories
ABOUT MONEY MORNING

Money Morning gives you access to a team of market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.

QUICK LINKS
About Us COVID-19 Announcements How Money Morning Works FAQs Contact Us Search Article Archive Forgot Username/Password Archives Profit Academy Research Your Team Videos Text Messaging Terms of Use
FREE NEWSLETTERS
Total Wealth Research Power Profit Trades Profit Takeover This Is VWAP Penny Hawk Trading Today Midday Momentum Pump Up the Close
PREMIUM SERVICES
Money Map Press Home Money Map Report Fast Fortune Club Weekly Cash Clock Night Trader Microcurrency Trader Hyperdrive Portfolio Rocket Wealth Initiative Extreme Profit Hunters Profit Revolution Warlock's World Quantum Data Profits Live Trading Alliance Trade The Close Inside Money Trader Expiration Trader Vega Burst Trader Flashpoint Trader Darknet Hyper Momentum Trader Alpha Accelerators

Ā© 2023 Money Morning All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning.

Address: 1125 N Charles St. | Baltimore, MD, 21201 | USA | Phone: 888.384.8339 | Disclaimer | Sitemap | Privacy Policy | Whitelist Us | Do Not Sell or Share My Personal Information

wpDiscuz