Day Ahead: Payrolls Top Estimates

 | Mar 07, 2014 | 8:55 AM EST
  • 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

Big day for TWTR.  The stock is up over 6% with the help of a nice bump in volume.  It still has a b...
Shares of Weyerhaeuser (WY) are breaking above five month horizontal resistance and making a new 52 week high...
This stock is having a strong day with great volume, good flow lately (Feb 140 strikes) and a potential breako...
This chart is starting to break out nicely, outside day here. BOUGHT DG JAN 77.5 CALL AT 1.85



News Breaks

Powered by


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.