Bloomberg

Stocks fall, oil rises as Iran conflict widens: market closes

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Stocks fall, oil rises as Iran conflict widens: market closes

(Bloomberg) — Stocks fell and crude oil rose as tensions escalated in the Middle East, with Iran-backed Houthi forces entering the fray and a US military presence raising fears of a protracted war. US equity-index futures fell 0.6% and Asian shares opened lower on Monday as the war entered its fifth week, with rising crude … Read more

The US job market is likely to shrink this month after a cold March

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The US job market is likely to shrink this month after a cold March

(Bloomberg) — U.S. employment likely rose in March after one of the biggest contractions in wages since the pandemic, extending a series of erratic numbers. Economists estimate 60,000 jobs were added in the month following a decline of 92,000, according to a Bloomberg poll ahead of Friday’s report. The unemployment rate appears stable at 4.4%. … Read more