Stocks tumbled on the first day of the new quarter as the coronavirus toll continued to grow.
| WED, APR 01, 2020 | | | DOW | NAME | LAST | CHG | %CHG | MSFT | 152.11 | -5.60 | -3.55% | AAPL | 240.91 | -13.38 | -5.26% | BA | 130.70 | -18.44 | -12.36% | |
| S&P 500 | NAME | LAST | CHG | %CHG | CCL | 8.80 | -4.37 | -33.18% | F | 4.40 | -0.43 | -8.90% | GE | 7.04 | -0.90 | -11.34% | | | NASDAQ | NAME | LAST | CHG | %CHG | AMD | 43.66 | -1.82 | -4.00% | MSFT | 152.11 | -5.60 | -3.55% | AAL | 10.69 | -1.50 | -12.31% | | | | Economic pain, like the coronavirus pandemic itself, is not distributed evenly. CNBC's John Schoen has mapped the latest, state-by-state, job-loss forecast from IHS Markit, showing where the crisis hurts the most.
States most dependent on tourism, manufacturing and energy are feeling it first - but there's always hope for an upside. "The states and metros hit hardest will generally be among the fastest growing over the ensuing recovery," wrote IHS Markit economist Karl Kuykendall. A new slate of jobless claims numbers are released Thursday and then comes the latest unemployment report on Friday. Nobody is expecting the numbers to be pretty. Stocks fell sharply once again on Wednesday as predicting the peak of the coronavirus pandemic remains guesswork. "There's still tremendous uncertainty," said Patrick Kaser, portfolio manager at Brandywine Global. "We can look at history as a guidepost for the market and the economy, but there's not a perfect scenario." Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. |
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