Shortly after that report, President Donald Trump took to Truth Social, posting that “There will be no deal with Iran except UNCONDITIONAL SURRENDER!”
Stocks also sharply dropped. The S&P 500 closed down more than 1.3%. The Dow Jones Industrial Average slid 453 points, or 1%, and the Nasdaq Composite tumbled 1.6%.
All three major indexes now sit firmly in negative territory for the year. It was the Dow’s worst week since April 2025.
For the S&P 500, it was the worst week since October.
Markets also fell after a grim labor market report showed the economy shed 92,000 jobs in February and included downward revisions to the previous two employment reports.
“The pace of job gains over the last few months is still dramatically slower than it was in 2024 and much of 2025,” said Elyse Ausenbaugh, head of investment strategy at J.P. Morgan Wealth Management. “Add higher oil prices given conflict in
...Keep reading this article on NBC News.
