Stock futures fell Friday, putting equities on pace to add to their weekly declines, as oil prices spiked and traders reacted to an unexpected drop in new U.S. jobs data. Futures tied to the Dow Jones Industrial Average lost 634 points, or 1.3%. S&P 500 futures and Nasdaq 100 futures were down 1.3% and 1.5%, respectively. Nonfarm payrolls fell by 92,000 in February, a sharp contrast from the downwardly revised January gain of 126,000 and far below the growth of 50,000 that economists polled by Dow Jones expected for the month. The unemployment rate also rose to 4.4% from 4.3%. “If this war continues for a few weeks, GDP growth around the world will be impacted,” he said. “Everybody’s energy price is going to go higher. There will be shortages of some products and there will be a chain reaction of factories that cannot supply.” Shares of Royal Caribbean, which has fallen more than 9% this week amid increasing fuel costs, fell again on Friday, dropping more than 2% in the premarket. Caterpillar shares, which have also suffered this week, were also down more than 2%. Retailers Walmart and Costco were marginally lower on fears that higher gas prices would hit consumers. The recent rise in oil prices weighed on stocks during Thursday’s trading session as well. The Dow lost nearly 785 points, or 1.6%, putting the index on track for its second negative week in a row and its worst week since last October. The S&P 500 fell about 0.6%, while the Nasdaq Composite dipped nearly 0.3%. “Markets remain in risk‑off mode as worries grow about the duration of the conflict and potential disruptions to energy supply,” Angelo Kourkafas, senior global investment strategist at Edward Jones, said. He said that the spike in U.S. oil prices is adding to inflation concerns that could put consumer spending under pressure. To be sure, Kourkafas added, “structural shifts have reduced U.S. vulnerability to oil shocks. Oil would likely need to remain above $100 for an extended period to meaningfully slow economic growth, in our view. The U.S. has been a net exporter of oil since 2019, and the economy is far less energy‑intensive than it once was.” This week, the S&P 500 is on pace to lose 0.7%, while the 30-stock Dow has fallen 2.1%. The tech-heavy Nasdaq has outperformed, heading for an advance of about 0.4%. Treasury yields were little changed Friday after a surprise decline in February payrolls and a conflict between Iran and the U.S. entering its seventh day muddied the interest rate outlook. The benchmark 10-year Treasury yield gained more than 1 basis point to 4.165%. The 30-year Treasury yield rose 1 basis point to 4.764%. The 2-year Treasury yield was slightly higher at 3.606%. Asia-Pacific markets staged a late comeback on Friday, after Wall Street declined on worries over energy supplies. South Korea’s Kospi reversed course to finish marginally higher at 5,584.87, after marking its best day since 2008 in the prior session. The small-cap Kosdaq extended gains to rise 3.43% to 1,154.67. Kosdaq 150 futures spiked 6% in early trading, triggering a buy trading curb for five minutes. Japan’s Nikkei 225 rose 0.62% at 55,620.84, also reversing earlier losses, while the Topix ended 0.39% higher to close at 3,716.93. Australia’s S&P/ASX 200 fell 1% to 8,851, dragged by basic materials stocks. Hong Kong’s Hang Seng index was 1.69% higher as of its last hour of trading, extending gains from Thursday, while the mainland Chinese CSI 300 advanced 0.27% to 4,660.44. Global benchmark Brent broke $90 per barrel Friday after President Donald Trump demanded unconditional surrender from Iran. Global benchmark Brent crude futures added 5.41% to trade at $90.03 a barrel. U.S. West Texas Intermediate crude futures were last seen 8.02% higher at $87.51. “There will be no deal with Iran except UNCONDITIONAL SURRENDER! After that, and the selection of a GREAT & ACCEPTABLE Leader(s),” Trump said in a social media post. The U.S.-Iran conflict has spread across the Middle East, disrupting energy production and bringing traffic in the Strait of Hormuz, a critical shipping route, to a near standstill. Gold edged up on ⁠Friday on safe-haven demand amid escalating tensions in the Middle East, but was headed for a weekly ​loss, as mounting inflation ​worries dimmed prospects for interest ​rate cuts. Spot gold was up 0.3% at $5,093.76 per ounce, as of 0942 GMT. The metal is down over 3% so far this week, snapping a four-week winning streak, as ⁠fading ‌interest rate-cut prospects and a volatile dollar weighed on ⁠bullion. U.S. gold futures for April delivery were up 0.5% at $5,102.10.