Dow books nearly 300 point loss, as stocks hold onto double-digit gains in April

U.S. stocks fell modestly on Thursday, but left their double-digit percentage gains for this month intact, after a round of mixed corporate earnings and a report that the federal government was considering retaliating against China for its handling of the coronavirus. The S&P 500 SPX, -0.92% fell 0.9% to 2,912. The Dow Jones Industrial Average DJIA, -1.17% fell 288 points, or 1.2%, to 24,346, based on preliminary numbers. The Nasdaq Composite COMP, -0.28% was down 0.3% to 8,890. For the month, the S&P was up 10.9%, the Dow rose 11.1%, and the Nasdaq gained 15.5%. Economic data pointed to the pain felt by households. Nearly 3.8 million people filed for unemployment benefits for the first time in the most recent week, the Labor Department said. Adding to the bearish market sentiment, the Washington Post later reported that the Trump administration was considering retaliatory actions against the Chinese government for its lack of transparency about the seriousness of the outbreak.

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