Stock Market Dives After Robust Jobs Report as Oil Prices Surge in Middle East – What Happens Next?
The United States experienced a surge in job growth, with 303,000 new jobs added in March, leading to a decline in unemployment to 3.8%. Despite this positive update, stock markets faced weekly losses due to heightened tensions in the Middle East leading to a spike in oil prices and concerns over the Federal Reserve’s rate cut trajectory, impacting the market’s momentum from the beginning of the year. The Dow Jones Industrial Average suffered the most, …