U.S. stock index futures fell to their lows of the day on Friday after the February jobs report badly missed expectations.
At around 8:30 a.m. ET, Dow Jones Industrial Average futures were down 217 points, indicating a drop of 221.23 points at the open. Futures on the S&P 500 and Nasdaq 100 also dropped.
The U.S. economy added just 20,000 jobs in last month . Economists polled by Dow Jones expected a gain of 180,000.
Treasury yields fell along with futures. The benchmark 10-year rate dipped to 2.619 percent while the 2-year yield traded at 2.45 percent.
The data come amid growing concerns about the global economy possibly slowing down. Data out of China showed its exports slumped 20.7 percent from a year earlier, far below analyst expectations and wiping out a surprise jump in January.
Analysts cautioned that data from China at the beginning of the year may be distorted by week-long Chinese New Year public holidays, which started in early February this year. In 2018, Chinese New Year holidays started in mid-February.
The weak data all come less than 24 hours after the European Central Bank slashed its growth forecasts for the euro zone and announced a new round of policy stimulus.
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