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Stocks slump after Trump tests positive, job growth slows

Stocks are falling early Friday, as Wall Street’s first reaction to President Donald Trump’s testing positive for the coronavirus was to retrench.

The S&P 500 was 0.9% lower after the first few minutes of trading, dropping with stocks around the world, Treasury yields and oil as investors pulled out of riskier investments and into safer ones. A measure of investor fear also rose, but the moves weren’t close to as chaotic as earlier this year, when markets were first selling off on coronavirus fears.