Jobs Report Disappoints, Dow Futures Dip But Off Overnight Lows After Trump Contracts COVID
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deadline.comJill Goldsmith Co-Business EditorThe U.S. added 661,000 jobs in September, below expectations, the Department of Labor announced Friday, a morning roiled by news of President Trump’s positive COVID-19 test.
That news sent U.S. stock futures down sharply overnight but they’ve recovered some ground ahead of the open.Dow Futures — reflecting stock prices ahead of the start of trading at 9:30 am ET — are off 400 points, or nearly 1.5%.
They had been down by up to 500 points overnight after the president’s tweet that he and first lady Melania Trump are both COVID positive.The DOL said job gains occurred in leisure and hospitality, in retail trade, in health care and social assistance, and in professional and business services.
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