Below are the most important news, trends and analyzes that investors need to start their trading day:
1. The Dow will start to rebound after strong sales on Thursday
Traders on the floor of the New York Stock Exchange.
Source: NYSE
Dow futures bounced Friday before the government’s latest employment report and after a sharp drop on Wall Street. Federal Reserve Chairman Jerome Powell was unable to assure investors Thursday that the central bank would keep bond yields and inflation under control. The Dow closed 345 points, or 1.1%, lower on Thursday, in a wild session that saw the 30-share average fall more than double that in a stage. The S&P 500 fell 1.3%. The Nasdaq was the big loser of the day, sinking more than 2% and closing nearly 10% of its Feb. 12 record high. The index was also negative during the year. At the close on Thursday, the Dow and the S&P 500 remained low in 2021.
2. Employers probably added more jobs in February
The Department of Labor will have to publish its February employment report at 8:30 a.m. ET. Economists expect 210,000 non-farm payrolls to be added last month compared to just 49,000 in January. The nation’s unemployment rate in February remains stable at 6.3%, although in the coming months it is likely that this level will continue to fall as more people are vaccinated against Covid-19 and jobs will return. work in the services sector.
3. 10-year Treasury yield remains above 1.5% before jobs report and after Powell
Federal Reserve Chairman Jerome Powell speaks during a Senate Banking Committee hearing in Capitol Hill, Washington, on December 1, 2020.
Al Drago | Swimming pool | Reuters
The ten-year Treasury yield rose on Friday, trading around 1.56%, advancing to a one-year high last week. Yields have risen rapidly since late January, prompting fears of inflation. Powell did little to allay those concerns, acknowledging that some inflationary pressures are ahead. However, he also said that rising prices will probably not be enough to encourage the Fed to raise interest rates. The market had been looking for Powell to deal more directly with the recent rise in bond yields, with a possible tilt toward adjusting the Fed’s asset purchase program.
4. The Senate approaches the votes of Covid’s relief laws after the delay of the Republican Party
Members of the National Guard gather outside the United States Capitol in Washington, DC, USA, on Thursday, March 4, 2021.
Stefani Reynolds | Bloomberg | Getty Images
The debate in the Senate over the Democrats ’$ 1.9 trillion coronavirus relief package will continue as lawmakers try to exceed a deadline to prevent the increase in federal unemployment benefits from expiring. The Senate voted Thursday to begin debate on the bailout package, laying the groundwork for its approval as early as this weekend, according to rules that allow passage by simple majority. Vice President Kamala Harris had to break a 50-50 tie after a vote by the party line in the uniformly divided chamber. As soon as the Senate began examining the bill, Sen. Ron Johnson, R-Wis., Forced the House secretaries to begin reading the entire 628-page measure aloud.
5. Connecticut, among the states, facilitates some virus-related restrictions
Pharmacist Madeline Acquilano inoculated public school security officer Victor Rodriguez with the Johnson & Johnson Covid-19 vaccine at Hartford Hospital in Hartford, Connecticut, on March 3, 2021.
Joseph Precious | AFP | Getty Images
Connecticut will ease many Covid mitigation restrictions in two weeks to businesses, theaters, churches and travel. But Democratic Gov. Ned Lamont said Thursday that the state mask mandate will remain in place. Connecticut is among many states that reduce virus restrictions, despite repeated warnings from health officials that opening too quickly could risk another lethal wave in the U.S. This week, Republican governors in Mississippi and Texas took it a step further, putting end all Covid restrictions, including mask mandates.
– Associated Press contributed to this report. Follow all developments on Wall Street in real time with the CNBC Pro Live Marketing Blog. Get the news about the pandemic with our coronavirus block.