U.S. equity markets slid Thursday as job losses during coronavirus lockdowns topped 51 million and earnings reports showed the fallout from COVID-19.

U.S. equity markets slid Thursday morning as nationwide job losses during coronavirus lockdowns topped 51 million and earnings reports showed how the pandemic has eroded Corporate America's bottom line. The Dow Jones Industrial Average fell 171 points, or 0.64 percent, while the S&P 500 and the Nasdaq Composite dropped 0.59 percent and 0.83 percent, respectively.

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