Forecasters polled by Bloomberg anticipate the upcoming data will reveal a payroll increase of approximately 55,000, representing a deceleration from the 130,000 jobs added in January. Meanwhile, the jobless rate in the U.S. is expected to hold steady at 4.3%.
Meanwhile, the 10-year Treasury bond yielded 4.17%, and the two-year bond was at 3.61%. The CME Group's FedWatch tool‘s projections show markets pricing a 97.3% likelihood of the Federal Reserve leaving the current interest rates unchanged in March.
Index
Performance (+/-)
Dow Jones
-0.31%
S&P 500
-0.41%
Nasdaq 100
-0.49%
Russell 2000
-0.48%
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 and Nasdaq 100, respectively, were lower in premarket on Friday. The SPY was down 0.39% at $678.67, while the QQQ declined 0.51% to $605.79.
Stocks In Focus
Costco Wholesale
Costco Wholesale Corp. (NASDAQ:COST) fell 0.23% in premarket on Friday despite reporting better-than-expected financial results for the second quarter of fiscal 2026 after the close on Thursday.
COST maintains a strong price trend in the short, medium, and long terms, with a poor value ranking, as per Benzinga's Edge Stock Rankings.
Marvell Technology
Marvell Technology Inc. (NASDAQ:MRVL) jumped 11.92% after reporting strong fourth-quarter financial results for fiscal 2026 on Thursday. Its fourth-quarter revenue of $2.22 billion beat the consensus estimate of $2.21 billion.
Benzinga’s Edge Stock Rankings indicate that MRVL maintains a strong price trend over the short, medium, and long terms, with a moderate growth ranking.
