Wall Street futures fall on weak jobs and Middle East tension

Wall Street futures indicated a lower opening on Friday as investors grappled with an unexpected contraction in the United States labor market and escalating geopolitical tensions in the Middle East. Data from the Labor Department revealed that the economy shed 92,000 jobs in February, a sharp contrast to the 59,000 gain anticipated by economists. This surprise decline pushed the unemployment rate up to 4.4%, slightly above the 4.3% forecast.