“For the week ending on Friday, April 3, 2020, the US stock market declined and all major stock indexes had losses. We had a very negative figure for the US non-far payrolls and the weekly US jobless claims, both of them show the coronavirus negative impact on the US economy. We have to wait for the official figures for the GDP to know if we will have and to what extent a possible recession. Still, significant market moves exist in the financial markets and offer trading opportunities like the rally for oil prices and news that there could be a global oil cut production to support the falling oil prices.”
“Stocks Decline as Investors Digest Collapse in Jobs Market U.S. stocks drop as employers shed 701,000 jobs in March. U.S. stocks and government bond yields fell Friday, capping another week of declines, after new data revealed that the pandemic’s toll on Americans has increased by the day.
The monthly jobs report showed that employers shed 701,000 jobs in March, the start of a labor-market slowdown stemming from the coronavirus pandemic. It’s a jarring shift for a job market that was booming just a few weeks ago, with unemployment hovering near multidecade lows.”