GLOBAL MARKETS-Stocks slide, commodities spike as Ukraine war shakes markets

On Wall Street, the Dow Jones Industrial Average .DJI fell 0.53%, the S&P 500 .SPX lost 0.79% and the Nasdaq Composite .IXIC dropped 1.66%. MSCI's gauge of stocks across the globe .closed down 1.65%.

NEW YORK: Data showing a vibrant U.S. jobs market strengthened the dollar and spurred commodity prices higher, but the war in Ukraine overshadowed the blowout report as the euro plunged on the worsening outlook for slower European economic growth.

The U.S. unemployment rate fell to a two-year low of 3.8% as job growth surged in February, a bright spot for an economy that faces mounting headwinds from rising inflation, tighter monetary policy by the Federal Reserve and geopolitical tensions.