What’s News in Markets: Oil Prices Surge, Bond Selloff, and Iran Fallout

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Speaker 20:15

Hey, listeners, Your Money Briefing is on a break, but it will be back with more personal finance information for you in the future. Until then, here's the news moving markets this week [upbeat music] Hey, listeners, it's Saturday, March 7th.

Hannah Erin Lang· Host0:30

I'm Hannah Erenlang for The Wall Street Journal, and this is What's News in Markets, our look at the biggest moves of the week and the news that drove them. So let's get into it. This was a really rough week for markets. Stocks declined this week, and they are now very solidly in the red this year. Investors have a lot of negative headlines to contend with. Of course, the biggest story is war in the Middle East. A widening conflict that began when the United States attacked Iran this past Saturday is threatening to send shock waves across the global economy. That would be a lot for Wall Street to digest on its own, but let's not forget that markets didn't exactly start this past week on the strongest footing. We still have these lingering concerns about artificial intelligence. Investors spent a lot of last month worrying that AI could erase jobs or upend entire industries in ways we might not be prepared for. And to top it all off, Friday's jobs report was a lot worse than expected. The US economy lost ninety-two thousand jobs.