Oil spike, weak payrolls weigh on U.S. stocks at open as Iran tensions rise
TL;DR Summary
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.
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