{"id":505917,"date":"2026-03-05T21:14:09","date_gmt":"2026-03-05T21:14:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/505917\/"},"modified":"2026-03-05T21:14:09","modified_gmt":"2026-03-05T21:14:09","slug":"dow-plummets-sp-500-and-nasdaq-fall-as-oil-surges-to-highest-levels-since-2024","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/505917\/","title":{"rendered":"Dow plummets, S&#038;P 500 and Nasdaq fall as oil surges to highest levels since 2024"},"content":{"rendered":"\n<p class=\"yf-1fy9kyt\">Data released by the Labor Department showed that <a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/www.dol.gov\/ui\/data.pdf\" rel=\"sponsored nofollow noopener\" target=\"_blank\" data-ylk=\"slk:213,000 people filed initial jobless claims;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">213,000 people filed initial jobless claims<\/a> in the week ended Feb. 28.<\/p>\n<p class=\"yf-1fy9kyt\">The count of claims, steady from the previous week&#8217;s revised level, was below economist expectations of 215,000 initial claims. The labor market signal comes ahead of Friday&#8217;s critical February jobs report.<\/p>\n<p class=\"yf-1fy9kyt\">Continuing claims for the week ended Feb. 21 totaled 1.86 million, overshooting consensus estimates of 1.84 million.<\/p>\n<p class=\"yf-1fy9kyt\">Rhode Island, Oklahoma, and Tennessee saw the largest increase in initial claims for the week ended Feb. 21, the Labor Department said.<\/p>\n<p class=\"yf-1fy9kyt\">On Friday, investors will get the week&#8217;s standout labor-market reading with the Bureau of Labor Statistics nonfarm payrolls report. Economists are expecting to see 55,000 jobs added in February, roughly in line with January estimates before the month&#8217;s adds printed at a blowout 130,000.<\/p>\n<p class=\"yf-1fy9kyt\">On Wednesday, data provider ADP <a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/adp-private-employers-added-63000-jobs-in-february-the-best-monthly-showing-since-july-132604002.html\" data-ylk=\"slk:reported 63,000 jobs added to private payrolls;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" rel=\"nofollow noopener\" target=\"_blank\">reported 63,000 jobs added to private payrolls<\/a>, exceeding estimates of 50,000. Layoff announcements also <a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/news\/in-nice-reprieve-job-cut-announcements-declined-last-month-125204515.html\" data-ylk=\"slk:slid in February;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas;outcm:mb_qualified_link;_E:mb_qualified_link;ct:story;\" class=\"link  yahoo-link\" rel=\"nofollow noopener\" target=\"_blank\">slid in February<\/a> from the previous month to 48,307 from 108,435, according <a data-i13n=\"cpos:4;pos:1\" href=\"https:\/\/www.challengergray.com\/blog\/challenger-report-february-cuts-plunge-hiring-falls-56-percent\/\" rel=\"sponsored nofollow noopener\" target=\"_blank\" data-ylk=\"slk:to a new report;cpos:4;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">to a new report<\/a> released Thursday from the global outplacement firm Challenger, Gray &amp; Christmas.<\/p>\n","protected":false},"excerpt":{"rendered":"Data released by the Labor Department showed that 213,000 people filed initial jobless claims in the week ended&hellip;\n","protected":false},"author":2,"featured_media":505590,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[28,40608,801,121,4011,195067],"class_list":["post-505917","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-dow","tag-iran","tag-nasdaq-composite","tag-oil-prices","tag-volatile-market"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/505917","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=505917"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/505917\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/505590"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=505917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=505917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=505917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}