New York —
US stocks were lower Friday, with the major indexes on track for weekly losses, as surging oil prices and weaker-than-expected jobs data added to concerns rippling through markets.
The Dow was down 684 points, or 1.43%, recouping some losses after dropping nearly 950 points after the opening bell. The S&P 500 fell 1.32% and the tech-heavy Nasdaq sank 1.2%. Wall Street’s fear gauge, the VIX, jumped 12%.
Oil prices continued to climb, hitting their highest level since late 2023: US crude surged 13%, to $91.66 per barrel. Brent crude, the international
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