US stocks close down as oil spikes 12%, job market weakens

US stocks close down as oil spikes 12%, job market weakens

The Straits Times - Sports·2026-03-07 06:00

NEW YORK - Wall Street’s three main indexes closed down on March 6 amid a sudden setback in the US labour market and a 12 per cent spike in US oil prices due to the escalating conflict in the Middle East.

A disappointing payrolls report intensified worries that the US economy could be cooling just as

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