Oil spike, weak payrolls weigh on U.S. stocks at open as Iran tensions rise
TL;DR
U.S. stock indices opened lower after February payrolls unexpectedly fell by 92,000 (unemployment up to 4.4%), while oil prices surged amid renewed Iran-related tensions. The S&P 500 slid about 1.4%, the Nasdaq around 1.5%, and the Dow roughly 1.7%, as sentiment was hammered by higher energy costs and ongoing Middle East risks that could influence inflation and Fed policy expectations.
- Stocks slump as soft jobs data, escalating Iran conflict hammers sentiment Investing.com
- Stock Market News, March 5, 2026: Dow Drops 1.6%, Oil Pushes Above $80 WSJ
- Dow falls by nearly 700 points as surging oil prices and weak jobs data add to market anxiety CNN
- What Iran did to cause the Dow to plunge nearly 800 points USA Today
- Stocks sink after oil prices near a 2-year high and reports suggest a slowing U.S. economy Pittsburgh Post-Gazette
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