Stocks fell on Friday, with all three major averages closing out the first week of the second quarter on a low after new employment data underscored the brutal reality of the coronavirus pandemic's devastating impact on the economy.
The closely watched employment snapshot on Friday also showed that the nation's unemployment rate has soared to 4.4 percent, from 3.5 percent, after months at a half-century low.
An oil rally also boosted markets, with crude soaring by around 25 percent on indications that Saudi Arabia and Russia would end a brutal price war that has seen the price of oil sink to levels not seen since the 1990s. President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman"want something to happen badly," Trump said at that meeting.
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