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Gap, Occidental Petroleum, Smith & Wesson: What to Watch When the Stock Market Opens Today

gap,-occidental-petroleum,-smith-&-wesson:-what-to-watch-when-the-stock-market-opens-today

Here’s what we’re watching ahead of Friday’s opening bell.

U.S. stock futures gained after the monthly jobs report showed an unexpected pickup in the number added to payrolls while the unemployment rate ticked lower.

Futures linked to the S&P 500 rose 0.9%. Dow Jones Industrial Average futures added 0.9%, while contracts linked to the Nasdaq-100 gained 0.7%.

Treasury yields extended gains after Thursday’s surge. The latest climb in yields came after Federal Reserve Chairman Jerome Powell provided no sign the central bank would seek to stem the rise when he spoke at The Wall Street Journal Jobs Summit.

Employers added 379,000 jobs in February, adding fuel to renewed growth as the pandemic eases. The unemployment rate edged down to 6.2%.

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