Dow Jones News: Disney Furloughs Workers; 3M Defends Exports; Boeing Loses a Big Order
The stock market headed lower on Friday, with the Dow Jones Industrial Average (DJINDICES: ^DJI) down 1.3% at 11:15 a.m. EDT. U.S. payrolls declined by 701,000 in March, according to data from the Labor Department, but the report doesn't account for millions of layoffs later in the month.
Those layoffs were a result of the coronavirus pandemic and the economically crippling actions taken by governments to slow the spread. There are now over 245,000 cases of the virus and more than 6,000 deaths in the United States, according to Johns Hopkins University.
Shares of Disney (NYSE: DIS) were down Friday morning after the entertainment company announced it would furlough workers later this month. The stock of 3M (NYSE: MMM) also slumped as the company's mask production was criticized by President Trump. Shares of Boeing (NYSE: BA) managed to buck the trend and rise slightly, despite the company losing a major order for commercial jets.
Source Fool.com
