| Stocks dropped, while the dollar climbed with bonds as concerns that war risks are intensifying roiled markets around the globe. Commodities pushed higher amid fears of supply crunches, heading toward their biggest weekly surge since the 1974 oil crisis.P 500 traded off session lows as a rally in energy producers tempered declines in financial, tech and retail shares. Oil jumped at the end of a week in which it swung by more than $US20 a barrel.
Three major Russia-focused ETFs were halted on Friday after the New York Stock Exchange took action based on what it said was “regulatory concern”.A top nuclear official called for talks with Russia and Ukraine after the government in Kyiv said Vladimir Putin’s troops triggered a blaze at Europe’s largest atomic power complex in a shelling attack.
“The market’s focus is really not on payrolls,” Jeffrey Rosenberg, a senior portfolio manager at BlackRock Inc., told Bloomberg Television. “The market is focused on the implications of the Russian invasion, and that implication is a negative supply shock -- negative to growth, positive to inflation.”