Surging oil sent stocks lower as Persian Gulf shipping basically halted, and losses accelerated after the U.S. lost 92,000 jobs in February. Analysts had expected a rise of 60,000.
Though war news may continue to dominate, investors are also focused on Friday's February jobs report and yesterday's Broadcom results. Productivity and monthly layoff data loom.
Notwithstanding developments in the Iran conflict, there are important leadership shifts still at play within the equity market, which emphasize the importance of diversification.
Despite another late recovery attempt Tuesday, the market remains in largely negative straits as war keeps oil prices elevated. Broadcom reports later and ADP jobs data looms.
Stocks showed resilience Monday despite crude's rally after war erupted in the Middle East. Today brings earnings from consumer giants, as well as from software firm CrowdStrike.
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