Stock market today: Dow, S&P 500, Nasdaq futures waver after jobs report, with Powell on deck

Published On Mar 7, 2025, 9:03 AM

U.S. stock futures showed mixed reactions following a weaker-than-expected jobs report which saw the addition of 151,000 jobs in February compared to the anticipated 160,000. The unemployment rate rose to 4.1%. The market remains jittery amidst concerns about economic growth and the implications of the ongoing trade policies under President Trump, particularly related to tariffs. Market participants are awaiting comments from Federal Reserve Chair Jerome Powell regarding the economic outlook and potential interest rate cuts.

Stock Forecasts

SPY

Negative

The adverse jobs report suggests possible economic headwinds, which might weigh heavily on equities in the short term.

AVGO

Positive

Broadcom's strong second-quarter forecast has lifted investor sentiment in the tech sector, which could provide a cushion against the broader market worries.

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SPY
AVGO