Stocks: All eyes on jobs report

Written By limadu on Jumat, 08 Maret 2013 | 17.42

The Dow finished at a new record Thursday, as the blue chip index and the S&P 500 advanced for a fifth straight day.

NEW YORK (CNNMoney)

Economists expect that 170,000 jobs were added in February and that the unemployment rate dropped to 7.8%.

The Dow finished at a new record Thursday, as the blue chip index and the S&P 500 advanced for a fifth straight day. U.S. stock futures were higher ahead of the opening bell Friday.

Online music streaming firm Pandora Media (P) reported better-than-expected quarterly sales and announced that its CEO will be stepping down. Its shares soared in after-hours trading.

Shares in tax return preparation company H&R Block (HRB) also rose after hours, despite reporting a third-quarter loss after the bell.

Citigroup's (C, Fortune 500) shares gained slightly after hours, following news that the bank passed the Fed's stress test to gauge if it could weather another recession. Morgan Stanley (MS, Fortune 500),JPMorgan (JPM, Fortune 500) and Goldman Sachs Group (GS, Fortune 500) also passed the test.

Fear & Greed Index

European markets were firmer in morning trading on expectations of encouraging U.S. jobs data, while Asian markets ended mixed. The Shanghai Composite lost 0.2% and the Hang Seng added 1.4%. Japan's Nikkei increased 2.6% after the yen extended losses and revised data showed the country's economy has pulled out of a shallow recession. To top of page

First Published: March 8, 2013: 4:47 AM ET


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