Strong Jobs Report Could Bring Normalization Fears to Fore
The major U.S. index futures are pointing to lower opening on Friday, with sentiment reflecting fears of traders that the strong non-farm payrolls report for February may turn the heat up on the Fed to begin monetary policy normalization. The economy added more jobs than had been anticipated notwithstanding the downward revisions to the January data. The jobless rate, which the Fed watches closely, also slid more than expected. If normalization fears overwhelm the markets, selling could resume. However, if the numbers are construed as being positive for the economic growth, traders could still seek bargains.
3/6/2015 4:21:24 PM With traders reacting negatively to the Labor Department's monthly jobs report, stocks moved sharply lower over the course of the trading day on Friday. The significant pullback on the day more than offset the modest gains posted in the previous session.