This week, markets had been hit by a uncommon combo of an oil value shock, a weak US jobs report, and renewed questions round AI spending. US shares swung violently and finally completed the week decrease, whilst AI heavyweight Broadcom delivered standout earnings.
📈 What’s taking place
Oil went vertical on Iran warfare fears.
After US and Israeli strikes on Iran, crude spiked, with US oil ending the week round 90.90 {dollars} and Brent 92.69 {dollars}, marking the largest weekly achieve on document and a roughly 36% leap in only one week.
Earlier within the week, oil had already surged 7–9% on headlines about disrupted visitors by the Strait of Hormuz.Shares offered off into the weekend.
The S&P 500 fell from 6,878.88 on the prior Friday’s shut (Feb 27) to about 6,769.03 by March 6, a drop of roughly 1.6% for the week.
On Friday alone, the Dow dropped 453 factors (~0.9%), the S&P…
