US Futures Fall Further After NFP

2026-03-06 13:44 By Andre Joaquim 1 min. read

US equity futures extended their sharp declines on Friday as negative labor data magnified the selling pressure on a market that heeds to pro-inflationary risks from the war in Iran.

Contracts for the S&P 500, the Dow, and the Nasdaq 100 were 1.5% down.

Energy prices extended their surges on the week as major producers in the Persian Gulf turned down output and tanker operators refrained from taking deliveries, lifting benchmark credit costs and paring the outlook for rate cuts by the Federal Reserve this year.

The Fed might be forced to hold rates despite fresh signs of a weaker labor market as non-farm payrolls unexpectedly fell by 92,000 in February.

Banks, insurers, and asset managers remained in the spotlight as signs of cracks on private credit loans dented the view on the sector's robustness.

Blackrock, Blackstone, Bridgewater, and Blue Owl were all due to extend losses this week after their selloffs in late February.



News Stream
US Stock Tumble at Week's End
The S&P 500 lost 1.4%,the Nasdaq tumbled 1.6%, and the Dow fell 1% on Friday as geopolitical volatility and disappointing labor data triggered a broad reassessment of the American economic trajectory. This coordinated decline reflects deep investor anxiety over the persistent rise in WTI crude oil prices and the unexpected loss of 92K non-farm payroll jobs in February. President Trump's demand for unconditional Iranian surrender and warnings from regional energy ministers regarding production force majeure have combined to push energy costs to levels that threaten global manufacturing capacity. The resulting jump in unemployment to 4.4% reinforces fears of a stagflationary environment where rising input costs collide with cooling consumer demand. Investors moved quickly to reduce risk, leading to Blackrock (-7.2%) capping withdrawals for the first time from one of its private credit funds, as concerns regarding private credit exposure and broader economic stagnation took hold.
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US equities declined sharply on Friday on expectations as a negative labor market magnified the pressure on a market that heeds to pro-inflationary risks from the war in Iran. The S&P 500, Nasdaq 100, and Dow were around 1% lower. Energy prices extended their surges on the week as major producers in the Persian Gulf turned down output and tanker operators refrained from taking deliveries, lifting benchmark credit costs and paring the outlook for rate cuts by the Federal Reserve this year. The Fed might be forced to hold rates despite fresh signs of a weaker labor market as non-farm payrolls unexpectedly fell by 92,000 in February. Asset managers remained in the spotlight as signs of cracks on private credit loans dented the view on the sector's robustness, with Blue Owl tanking 6% while Blackrock, Blackstone, and Bridewater fell 4%. Meanwhile, Marvell surged 15% after delivering a strong guidance of the next year.
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