Wall Street’s major indexes fell on Friday as weak US jobs data and a sharp rise in oil prices heightened concerns about the economic outlook. The Dow Jones dropped 0.95%, the S&P 500 fell 1.33%, and the Nasdaq declined 1.59%, with the Dow posting its steepest weekly fall since April 2025.
US Stock Market | Unexpected job losses, rise in unemployment rate fan US labor market doubts
America’s job market saw an unexpected decline in February. Nonfarm payrolls dropped, and the unemployment rate climbed to 4.4 percent. This development presents a challenge