What to watch today: Dow futures decline after strong jobs report

What to watch today: Dow futures decline after strong jobs report

BY THE NUMBERS Dow futures fell 200 points and the rose to 1.9% after Friday's jobs report showed strong gains last month. rose early Friday, boosted by 's 11% premarket surge on strong cloud-led earnings after the bell Thursday. But Nasdaq futures turned lower after the jobs data. (CNBC) The on Thursday sank 3.7%, slammed by ' (FB) over 26% plunge on weak earnings. The Facebook parent's more than was the largest one-day value decline in Wall Street history. (CNBC) * (CNBC) The and the on Thursday , respectively. Despite those losses, the Nasdaq and S&P 500 were still on track for their strongest weekly performance of 2022. The Dow was also tracking for a weekly gain as of Thursday's close. (CNBC) The U.S. economy in January, the Labor Department reported Friday. That was much better than estimates for a 150,000 nonfarm payrolls gain. Expectations were all over the place coming into the print on worries the spike in Covid cases due to the raging omicron variant could jolt the data. (CNBC) In addition to the jobs numbers, the Federal Reserve is monitoring signs of inflationary pressures such as U.S. oil prices above $90 per barrel to October 2014 highs.