Stocks drop, indexes post weekly losses as Russia-Ukraine concerns outweigh strong jobs data

Stocks drop, indexes post weekly losses as Russia-Ukraine concerns outweigh strong jobs data

Stocks fell Friday as investors eyed a much stronger-than-expected report on the labor market’s recovery and continued to monitor for global economic fallout from Russia’s war in Ukraine.

The S&P 500 dropped to extend declines from Thursday and posted a weekly loss of about 1.3%. The Dow posted a fourth straight weekly losses. Treasury yields pulled back further as traders piled into safe havens including bonds and gold, and the benchmark 10-year yield dropped to below 1.8%. The risk-off tone Friday came amid reports that the U.S. was considering a ban on Russian crude oil imports, in a move that

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