- Markets: US stocks fell for the fifth straight day after a weak jobs report.
- Surprise slump: US only added 20,000 jobs in February. More details.
- Carl Icahn boosted his stake in Caesars Entertainment (CZR) has grown to from 10% to 15.5% .
Stocks staged a late day rally on Friday but still fell for the fifth straight day after a weak US jobs report and a sharp drop in China’s exports.
Wall Street appears headed toward a rare five-day losing streak.
"We're seeing crude get swept up in this risk-off appetite in the broader market," said Matt Smith, head of commodities research at ClipperData.
She said last year's jobs numbers aren't "sustainable" because of the low 3.8% unemployment rate. "We are seeing the labor market getting close to full employment, so it's getting hard to keep adding jobs," Kosik said.
US markets opened lower once again on Friday.
Steve Rick, chief economist at CUNA Mutual Group:
Gus Faucher, chief economist at PNC Financial Services Group:
Lindsey Piegza, chief economist at Stifel Investments:
Mike Fratantoni, SVP and chief economist at Mortgage Bankers Association:
Heidi Shierholz, former chief economist for the US Bureau of Labor Statistics:
The company posted lower-than-expected fourth-quarter revenue. It also expects its first quarter revenue to come in between $80 million and $84 million, which is well below the $91 million analysts anticipated.