00:00U.S. stocks fell Friday with the S&P 500 down 0.7 percent and the Nasdaq off 1.1
00:07percent,
00:07capping a fifth consecutive losing week, the longest such streak in nearly four years,
00:13as oil prices climbed back above $103 per barrel, despite Trump extending his deadline
00:19to strike Iran's power plants to April 6th. Markets whipsawed all week on alternating
00:24hopes and fears of a diplomatic resolution. But analysts say only a direct signal from Iran
00:30will move investor sentiment, with one strategist noting that any further statements from the U.S.
00:36side are white noise to the markets. The deeper fear is a prolonged war that could send oil as
00:42high as $200 per barrel by summer, stoking inflation that is already rattling consumers,
00:48who now expect price increases of 3.8 percent over the next year, the largest one-month jump
00:55in expectations in nearly a year.
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