Dow Drops Over 300 Points as U.S. Sheds Jobs and Economy Reels From Coronavirus

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We made it to the weekend.

Stocks declined Friday, April 3 after U.S. companies shed over 700,000 jobs in March, pushing the jobless rate to 4.4%,  and marking the first decline in employment since 2010.

The Dow, S&P 500, and Nasdaq all ended the day lower.

The economy is reeling from the threat of the coronavirus, which continues to spread across the U.S. As of April 3, there are over one million confirmed cases of the virus globally, according to data from Johns Hopkins University.

The U.S. has become the epicenter of the outbreak with over 260,000 cases and over 6,000 deaths reported. Over 100,000 of those cases are located in New York State.

James Bullard, president of the Federal Reserve of St. Louis, said last week the unemployment rate could rise to as high as 30%.

Watch the video above to see how stocks ended on Friday, April 3.

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