Day Ahead: Payrolls Top Estimates

 | Mar 07, 2014 | 8:55 AM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:








Stock market futures jumped after better-than-expected employment numbers, as investors tried to gauge the impact of buoyant data on the economy and the Federal Reserve's thinking.

Nonfarm payrolls rose 175,000 in February, topping estimates of 150,000. The unemployment rated ticked up to 6.7% as more people entered the workforce.

Elsewhere in economic news, at 3 p.m. ET, look for consumer credit data from the Federal Reserve. Economists predict a $4.8 billion pullback in spending to $14 billion in January.

Big Lots (BIG) jumped in before-hours trading after reporting a profit from continuing operations of $1.39 a share. Foot Locker (FL) was also higher before the bell after topping profit estimates. There are no earnings reports scheduled after the close.

Late Thursday, tax preparer H&R Block (HRB) posted a loss of 78 cents a share, much wider than the forecast of 11 cents a share. Revenue was $199.8 million vs. analyst expectations of $519 million. The company blamed the goverment shutdown for delayed tax filings.

Finally, for Fed watchers, New York Fed chief William Dudley will deliver remarks at 12 p.m. ET in New York.

Columnist Conversations

These three remain the best three stocks in this market. Domestic with high consistent growth...
Now it is tick for tick oil. When oil rallies we rally. This is a poor relationship that has not led to great ...
Oil is taking out the key level of $45 which is where breakeven lives.You could see that group really get hamm...
If AAPL takes out that $119 then it will have a whoosh higher



Columnist Tweets


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.