Stocks: Looking to jobs for direction

Written By limadu on Jumat, 04 April 2014 | 17.42

NEW YORK (CNNMoney)

After winter weather clouded the picture last month, investors will be hoping for clearer signals on the health of the economy from the March unemployment report due out at 8:30 a.m. ET.

Economists surveyed by CNNMoney expect that 213,000 jobs were added last month, up from 175,000 jobs added in February.

The report could influence the pace at which the Federal Reserve continues to withdraw its support for the economy. Fed Chair Janet Yellen said this week that the jobs market was far from healthy.

U.S. stock futures were holding firm, suggesting new records may be within reach on the major indexes.

Related: Fear & Greed Index

U.S. stocks closed mostly flat Thursday after the Dow and S&P 500 hit record highs earlier in the day. The Nasdaq fell almost 1%.

CarMax (KMX, Fortune 500) will report earnings before the bell.

Related: CNNMoney's Tech30

European markets were firmer in morning trading, and the euro continued to weaken against the dollar after the European Central Bank said Thursday it was considering Fed-style quantitative easing to tackle deflationary pressures in the eurozone.

Asian markets ended the week mixed. China's benchmark Shanghai Composite rose 0.7%, while stocks in Singapore dropped 0.3%. The Nikkei was little changed at close of trading on Friday. To top of page

First Published: April 4, 2014: 5:07 AM ET


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