Stock Futures Tick Higher After February Jobs Report
Stock futures turned higher after the latest update on employment came in a touch below expectations.
The U.S. economy added 151,000 jobs in February, which was below expectations at 160,000. Unemployment also rose unexpectedly to 4.1% from 4%.
S&P 500 futures were up 0.3%. Dow futures were up 0.2%. Nasdaq 100 futures were up 0.4%. The gains were modest, and given the market’s tendency to sell into strength, don’t be surprised if stocks fall shortly after the open.