Stock Market Today: Stocks lower after steady February jobs report
The S&P 500 is on pace for its worst week since September.
U.S. equity futures edged lower in early Friday trading, while the dollar extended its steepest weekly decline of the year, as investors parsed a key reading of the labor market amid the ongoing confusion tied to President Donald Trump's tariff strategy.
Updated at 9:07 AM EST
More red
Stock futures are edging lower as investors dig into the February jobs report. with a solid, but unspectacular headline tally matched against the gains witnessed over the final months of last year.
S&P 500 futures now suggest an opening bell decline of around 11 points, with the Nasdaq called 5 points lower and the Dow poised for a 145 point pullback.
“The jobs data shows moderating growth and wage pressures," said David Russell, global head of market strategy at TradeStation.
"That would normally be welcome as dovish news. However, investors see clouds on the horizon," he added. "This could be the calm before the storm of much weaker employment. Tariffs threaten jobs because they threaten supply chains and profits. Uncertainty is in a bull market.”
Dollar drops post NFP, lowest since Election Day
Under 104 pic.twitter.com/SrZm1LW9Z5— Mike Zaccardi, CFA, CMT
