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Oil shot to its highest price since 2023 after surging again because of the Iran war, and a weak update on the U.S. job market knocked stocks lower to cap Wall Street's worst week since October.
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Employers shed 92,000 jobs in February and the unemployment rate rose to 4.4 percent.
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Also, a weak jobs report. Here's the latest at the end of Friday.
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The U.S. lost jobs in February, marking a reversal of fortunes for the labor market and nearly erasing all of the job gains delivered in January, data on Friday showed.
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Stock movements this week has been choppy as investors weighed the inflationary impact of the war in the Middle East. The jobs report has complicated matters.
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