Wall Street fell at the end of a volatile week on Friday as the war in Ukraine overshadowed an acceleration in U.S. jobs growth last month that pointed to strength in the economy.
fell 4.2%, extending its loss for the week to about 9% as investors worry about how the West's sanctions against Moscow may affect the international financial system.
Equities globally were weaker, with safe-haven assets in demand after Russian forces seized Europe's biggest nuclear power plant in what Washington called a reckless assault that risked catastrophe.The Labor Department's closely watched employment report showed jobs grew by a more than expected 678,000 last month and that the unemployment rate fell to 3.8%, the lowest since February 2020."Three or four weeks ago, we would have thought that this is an incredibly important number.
"The potential for escalation in the hot war, the potential for a growth impact in Europe and more broadly, and knock-on effects on the commodity channel and inflation are taking up all of investors' time and energy," Hill said.
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