Oil surges to its highest price since 2023, and stocks drop after U.S. jobs report

Oil surges to its highest price since 2023, and stocks drop after U.S. jobs report

Oil surges to its highest price since 2023, and stocks drop after U.S. jobs report

Michael Gagliano works on the floor at the New York Stock Exchange on Friday.

Stocks fell Friday on worries that the economy could become stuck in a worst-case scenario of stagnating growth and high inflation. Oil prices touched their highest levels since 2023 after surging again because of the Iran war.

(Image credit: Seth Wenig)

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