The unemployment rate rose to 4.4%, from January’s 4.3%. “We’ve seen negative momentum in stocks in recent days on the geopolitical environment and concerns about a resurgence in inflation and rising oil prices,” said Jim Baird, chief investment officer with Plante Moran Financial Advisors. MSCI’s gauge of stocks across the globe fell 11.01 points, or 1.07%, to 1,017.12, while the pan-European STOXX 600 index was down 1.31%. In currencies, the dollar pared earlier gains against major currencies after the weak jobs report raised the possibility that the Fed could cut interest rates sooner than expected. Inflation is still elevated and now with oil prices surging, it’s going to create even more upward pressure there.

Source: Huffington Post March 06, 2026 19:47 UTC