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Stock Market Falls on Disappointing Jobs Report, Tesla Rises Due to China Sales

News Snapshot:

It’s been a frustrating week in the stock market. The three major indexes are all down this morning as investors digest the disappointing jobs report from the Department of Labor. The report indicates that there were 229,000 weekly filings for unemployment insurance last week, a shocking uptick after April’s job report indicated a low level of unemployment. The Nasdaq, S&P 500, and Dow Jones all dropped around 0.5% at the start of trading, with analysts uncertain about how this jobs report will impact investor sentiment. Meanwhile, the European Central Bank has announced its intention to follow the US Federal Reserve…

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