The stock market fell and crude oil prices skyrocketed as the U.S. and Israel launched heavy attacks on Iran. Crude and LNG shipments essentially halted through the Strait of Hormuz. Treasury yields also jumped. The Dow Jones and Russell 2000 were the hardest hit. The Nasdaq fell modestly as software continued to rebound while AI chipmakers Broadcom (AVGO) and Marvell Technology(MRVL) jumped on earnings. Still, all of the key indexes are below their 50-day moving averages.
The jobs report stunned with a sizable drop in nonfarm payrolls, adding to market woes on Friday.
This will have impacts on Ukraine because now Russia can sell their oil illegally for more money.
not illegally, US is literally allowing India to redistribute it
https://www.bbc.com/news/articles/cy031d1ny7jo
Authorizing the Delivery and Sale of Crude Oil and Petroleum Products of Russian Federation Origin Loaded on Vessels as of March 5, 2026 to India
https://ofac.treasury.gov/media/935101/download?inline
Well I guess that explains this whole thing…