AllMarket Update
logoArgusMarch 05, 2021

Market Update: CIEN, FSLR, KSS, LH, PPL

Sector(s)
Utilities, Technology, Healthcare, Consumer Cyclical
Summary

Stocks gave up early gains on Friday morning as Treasury yields continued to rise in the wake of a much stronger-than-expected February employment report. The Labor Department said that the U.S. added 379,000 nonfarm payroll jobs in February, up from a revised 166,000 in January and well above the Reuters consensus forecast of 182,000. The official unemployment rate also fell slightly to 6.2% from 6.3% in January. The Dow rose 0.2%, the S&P fell 0.2%, and the Nasdaq fell 1.5%. Crude oil traded near $66 per barrel, while gold fell $5 to $1696 per ounce.

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