US Stocks Decline to YTD-Lows

2026-03-06 14:36 By Andre Joaquim 1 min. read

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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