Washington DC, March 7 -- Stock indices in the US fell substantially after Friday's jobs report, which showed the US unexpectedly lost jobs in February, The Wall Street Journal reported.

Nasdaq closed at 22,387.68, down 1.59 per cent.

On the employment report, February's 92,000 lost jobs fell short of economists' expected gain of about 50,000 jobs. The unemployment rate ticked up to 4.4 per cent from 4.3 per cent in January.

Besides, stocks in Europe and Asia also dipped, weighed down by indications of prolonged West Asia conflict.

Meanwhile, crude oil prices shot up sharply, reportedly after the US President Donald Trump sought what he called "unconditional surrender" from Iran, intensifying worries about a prolonged conflict that co...