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0.000382701875239113 0.000956754688097917 0.00124378109452732 -0.00133945656333717 0.00688863375430538 -0.000382701875239248 0.0040183696900115 0.00133945656333717
Stock impact report

Stocks are tanking on a brutal jobs report and another surge in oil prices [Yahoo! Finance]

Franklin Resources, Inc. (BEN) 
Last franklin resources, inc. earnings: 4/30 08:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
The February jobs report shocked markets, with 92,000 job losses, compared to forecasts of 55,000 hires. The labor market is stumbling at a time when markets are also worried about inflation from the Iran war. The Dow lost almost 900 points, adding deeper losses in the week. Stocks tanked again on Friday, with bad news in the job market piling on to fears about surging oil prices amid the Iran war. The US lost 92,000 jobs in February, badly missing estimates of 55,000 payroll additions. The unemployment rate rose to 4.4%. Meanwhile, oil prices are still rising as the US-Iran conflict escalates, sparking even more economic uncertainty and predictions for inflation to spike. Brent crude spiked 6% to above $90 a barrel, while US oil jumped 9% to around $88. Investors have begun to fear a stagflationary scenario as higher oil prices dent economic activity while pushing up consumer prices. Gas prices at the pump have already spiked this week. Here's where major indexes stood Show less Read more
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