Stock market today: Dow, S&P 500, Nasdaq fall after jobs report, with Powell on deck
Published On Mar 7, 2025, 9:30 AM
The US stock market experienced a decline today, with the Dow Jones, S&P 500, and Nasdaq Composite falling in response to February's jobs report, which showed the creation of 151,000 jobs—slightly below the expected 160,000—and a rise in the unemployment rate from 4% to 4.1%. Markets are also apprehensive ahead of remarks from Federal Reserve Chair Jerome Powell regarding the economic implications of President Trump's trade policies. Concerns about potential stagflation and slowing economic growth are contributing to market uncertainty, leading to a more than 3% weekly loss for broad market indices.
Stock Forecasts
SPY
Negative
The market's negative response to the jobs report, combined with ongoing trade fears and economic uncertainty, suggests that investor sentiment may continue to decline in the short term. The upcoming comments from the Fed Chair will likely further influence market perceptions regarding interest rates and economic outlook.
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