Indexes tumbled in midday trading Friday as job losses in the U.S. continued to mount, with the Labor Department reporting 701,000 jobs cut last month.
The S&P 500, Dow Jones, and Nasdaw were each down 1.7%, to 2,485.11, 21,060.12; and 7,364.80.
Crude oil rose 5.9% to $26.80, while gold was up less than 1% to $1,647.
The 10-year Treasury bond slipped 7.8% to 0.60%.
Newport Beach-based Chipotle Mexican Grill Inc. (NYSE: CMG) was down 3.7% to $606.62 for a market cap of $16.8 billion. The chain caught criticism Thursday in New York City over its employee pay and sick leave policies rolled out in response to the COVID-19 pandemic, with some employees alleging improper enforcement. The company disputes the allegations.
OC’s publicly-traded restaurants overall were off on Friday.
Huntington Beach-based BJ’s Restaurants Inc. (Nasdaq: BJRI) was down 1.1% to $11.19 for a market cap of $215 million. El Pollo Loco Holdings Inc. (Nasdaq: LOCO) of Costa Mesa was down 8.6% to $7.55 for a market cap of $264.8 million. Lake Forest-based Del Taco Restaurants Inc. (Nasdaq: TACO) fell 3.5% to $3.03 for a market cap of $112 million.
Alteryx Inc. (NYSE: AYX) shares were down 4% to $80.18, continuing its slide from Tuesday. The Irvine data analytics firm had a recent market cap of $5.2 billion.