"The S&P 500 gained 2.9% on Tuesday, recovering about 30% of its drawdown since the war began. The Nasdaq rose 795 points, recovering nearly half of its total decline in a single day."
"The hiring rate fell to 3.1% in February, with just 4.8 million hires, the lowest since April 2020. Job openings dropped to 6.9 million, down 358,000 from January."
""It's a brutal job market," Heather Long, chief economist at Navy Federal Credit Union, said. "To see that 3.1% hiring rate, the lowest since April 2020, underscores how little hiring is going on.""
Oil prices dropped below $100, while S&P 500 futures rose 0.45% before the New York open. The S&P 500 gained 2.9%, recovering 30% of its losses since the war began. The Nasdaq and Dow also saw substantial increases. However, the S&P remains down 4.63% year-to-date. The job market is struggling, with the hiring rate at 3.1%, the lowest since April 2020. President Trump is set to address the nation regarding Iran, hinting at potential developments in the conflict.
Read at Fortune
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