5 things to know before the stock market opens Friday

5 things to know before the stock market opens Friday

1. Dow futures decline, bond yields rise after strong jobs report Dow futures fell nearly 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 went flat after the jobs data. rocketed more than 40% higher in the premarket, the morning after delivering better-than-expected quarterly results and rosy forward guidance. 2. January nonfarm payrolls surge way past expectations 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. In fact, many economists — such as those at PNC, Jefferies, Morgan Stanley and Goldman Sachs — had expected sharp declines in jobs last month. That clearly didn't happen. The U.S. unemployment rate ticked up to 4% in January, slightly higher than estimates. 3. Amazon surges after strong cloud-led earnings, plans to hike Prime prices Amazon's strong fourth quarter . In fact, North America and International e-commerce