Market comeback on pause | Worst jobs report ever? | Airlines want relief

Stocks fell on Wednesday as some investors had doubts about how well the reopening of the economy will go.

VIEW IN BROWSER | SUBSCRIBE WED, MAY 06, 2020 EVENING BRIEF AS OF WED, MAY 06, 2020 • 04:22 ET DJIA 23664.64 -0.91% -218.45 S&P 500 2848.42 -0.70% -20.02 NASDAQ 8854.39 +0.51% +45.27   Most Active DOW NAME LAST CHG %CHG DIS 100.88 -0.18 -0.18% AAPL 300.63 +3.07 +1.03% MSFT 182.54 +1.78 +0.98% S&P 500 NAME LAST CHG %CHG NCLH 11.12 -0.06 -0.54% GE 5.98 -0.22 -3.55% F 4.87 -0.10 -2.01% NASDAQ NAME LAST CHG %CHG AAL 9.25 -0.26 -2.73% AMD 52.16 -0.03 -0.06% UAL 22.91 -1.21 -5.02% EDITOR'S NOTE Stocks have staged quite a comeback from their March 23 lows, but now that rally appears to be on hold.   Swings in the major indexes have been much less pronounced. And stocks bumped along most of the day before falling in the final hour on Wednesday.    In recent sessions, stocks have risen sharply on anticipation of states reopening their economies, but perhaps now it's time to see what effects this will have on the spread of the coronavirus. Investors appear to have already absorbed whatever terrible economic data lay ahead, and for the market to rise further, investors have to place bets on how long it may take for businesses and the economy to recover.   Private payrolls fell by 20.2 million in April, according to ADP data, and the April unemployment report due out Friday will be one of the worst in history, St. Louis Federal Reserve President James Bullard told CNBC.   "The unemployment rate is going to be extremely high," Bullard said. "We think 20% isn't unlikely, could even be higher than that. … It's not surprising. It's a pandemic. It's a shutdown situation."   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal TOP NEWS  Dow falls for the first time in 3 days, drops more than 200 points US private payrolls drop by 20.2 million in April, the worst job loss in the history of ADP report Airlines want relief from flying near-empty planes as passenger numbers hit lowest since the 1950s amid virus Fed's James Bullard says the jobs report on Friday will be one of the worst ever Track the latest coronavirus news here Small business loans are not going proportionately to the hardest hit areas, Fed study shows Oil drops 2%, snapping five-day winning streak in volatile trading session Many insiders are buying their beaten-up stocks, a vote of confidence in a recovery Uber to lay off 3,700 employees, about 14% of workforce Lincoln Project has its biggest day of fundraising after president attacks 'Never Trump' group     TOP VIDEO Watch CNBC's full interview with Virgin Galactic CEO George Whitesides   CNBC PRO Here are the stocks Warren Buffett might have purchased during the sell-off if he were a quant   SPECIAL REPORTS One Chinese stock could forecast the global economy's next move Peloton could hit all-time highs after earnings, trader says. Here's one way to play it   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS