Stocks drop on Trump coronavirus diagnosis

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U.S. stocks opened sharply lower Friday after President Donald Trump announced he had tested positive for coronavirus, just weeks before Election Day. The Dow Jones Industrial Average fell 406 points, 1.5%, to open near 27,411, and the S&P 500 lost 55 points or 1.6%, opening near 3,326. The Nasdaq Composite sank 2.2%, or 244 points, starting trading near 11,083. Also on Friday, the Labor Department said 661,000 new jobs had been created in September, missing analyst forecasts and suggesting a deceleration in economic growth. In Washington, the Trump administration and Congressional Democrats will continue to try to reach a deal on a fresh round of fiscal stimulus. Shares of Tesla Inc. sank 6.5% after the bell Friday after the company reported production and delivery numbers.
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