Bonds & Stocks
A weaker-than-estimated jobs report hit stocks at a time when a widening conflict in the Middle East boosts energy prices, fueling inflation jitters. Bonds whipsawed. The S&P 500 fell 1.5%. The yield on 10-year Treasuries advanced four basis points to 4.18%.
Economy
US employers cut jobs in February and the unemployment rate rose, pointing to lingering fragility in a labor market that was thought to be stabilizing.
World
President Donald Trump said he doesn’t want to negotiate an end to the war with Iran in a post on social media that demanded Tehran capitulate as US and Israeli airstrikes continue.