Wall Street opens in red as unemployment increases

Friday, 03. April 2020 15:30

The United States markets opened in the red on Friday following the release of data about the country's nonfarm employment, which dropped by 701,000 in March and marked the first decline since 2010. Meanwhile, oil prices jumped over 10% after the report OPEC+ members will discuss cutting oil production by at least 6 million barrels per day at their meeting next week.

The Dow dropped 0.55% at the open, as 3M Company dipped 1.19%. The Nasdaq 100 started 0.16% lower, with MercadoLibre Inc. losing 2.91%. The S&P 500 kicked off by declining 0.42%. United Rentals Inc. led the table with a 3.92% fall.

The euro traded 0.55% lower against the dollar to sell for $1.07976 at 9:32 am ET.

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Breaking the News / ND