U.S. Daily Market Review 9.03.20

Тhe leading U.S. stocks are into a retreat.

The Dow Jones Industrial Average fell 1,969 points, or 7.6%, on pace for its worst day since December 2008. The S&P 500 dropped 7.3%.

U.S. cash crude prices fell solidly today, with popular export grades sliding to their weakest levels.

Exxon Mobil Corp. shares tumbled the most since October 2008 after the collapse of the OPEC+ alliance and the spread of coronavirus on a global scale already.

Nonfarm payrolls rallied more than estimates in February as companies continued to hire leading into a growing coronavirus scare.

The Labor Department announced at the end of last week that the U.S. economy created 273,000 new jobs for the month.

Monday’s Treasuries rally marked the largest intraday loss of the last 30-year yields since at least October 1998, when Bloomberg data begin recording daily highs and lows.


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