Oil shot to its highest price since 2023 after surging again because of the Iran war, and a weak update on the U.S. job market knocked stocks lower to cap Wall Street’s worst week since October. The S&P 500 dropped 1.3% Friday. The Dow Jones Industrial Average plunged as many as 945 points before finishing with a loss of roughly 450, and the Nasdaq composite sank 1.6%. The combination of a weak economy and high inflation is a worst-case scenario for investors because the Federal Reserve has no good tool to fix both problems at the same time.

Former Michigan football coach Sherrone Moore has pleaded no contest to two misdemeanors in a criminal case that arose immediately after he was fired for having an inappropriate relationship with his executive assistant. The deal was struck Friday, on the same day that a judge planned to hear a challenge to Moore’s arrest in December on three charges, including felony home invasion. Those charges were dropped in exchange for Moore pleading no contest to trespassing and malicious use of a telecom device.

American employers unexpectedly cut 92,000 jobs last month, a sign that the labor market remains under strain. The unemployment rate blipped up to 4.4%. The Labor Department reported Friday that hiring deteriorated from January, when companies, nonprofits and government agencies added a healthy 126,000 jobs. Economists had expected 60,000 new jobs in February. Revisions also cut 69,000 jobs from December and January payrolls. The surprisingly weak employment picture in February adds to the economic uncertainty over the war with Iran, which has caused oil prices to surge and saddled business and consumers with unforeseen costs.

The calls to 911 poured in from staff at Camp East Montana, the nation's largest U.S. Immigration and Customs Enforcement detention facility, in its first months of operation in El Paso, Texas. The emergencies included repeated suicide attempts by detainees, seizures, injuries from fights and a pregnant woman in pain. Data from more than a hundred 911 calls obtained by The Associated Press, interviews with detainees and court filings offer a portrait of overcrowding, medical neglect, malnutrition and emotional distress. A Department of Homeland Security spokesperson rejected claims of subprime conditions, saying detainees receive food, water and medical treatment in a facility that's regularly cleaned.