Dow falls by more than 900 points as surging oil prices and weak jobs data add to market anxiety

Dow falls by more than 900 points as surging oil prices and weak jobs data add to market anxiety

US stocks opened lower Friday, with the major indexes on track for weekly losses, as weaker-than-expected jobs data added to concerns rippling through markets.

Dow sinks 900 after oil prices jump to highest in nearly two years

The S&P 500 dropped 1.6% after a report showed U.S. employers cut more jobs last month than they created.

Dow Jones Industrial Average Falls 453 Points as Oil Surge and Weak Jobs Data Weigh on Markets

The Dow Jones Industrial Average closed lower Friday, shedding more than 450 points amid a sharp spike in oil prices and disappointing February jobs data that heightened concerns over economic slowdown and persistent inflation pressures.

Dow Drops 900 After Oil Prices Jump To Highest In Nearly 2 Years And Data Show A Slowing US Economy – 710am KURV

By STAN CHOE AP Business Writer NEW YORK (AP) — U.S. stocks are falling sharply Friday after getting a whiff of a worst-case scenario for financial markets: a weakening economy combined with high inflation. The S&P 500 dropped 1.6% after a report showed U.S. employers cut more jobs last month than they created and after oil prices jumped to their highest level in nearly two years because of the Iran war. It’s a combination that investors hate b…