Stock index futures give back gains after NFP print


Stock index futures give back some gains following the lower-than-forecast payrolls number for January.

The 10-year Treasury drops a few basis points from shortly before the print to 2.71%, while the 2-year is down just a hair to 0.32%.

The unemployment rate is officially at its lowest rate in five years at 6.6%.

The labor force participation rate rose to 63.0% from a previous level last month of 62.8%. A year ago the rate stood at 63.6%.

Average hourly earnings rose 0.2% M/M and the average workweek was unchanged at 34.4 hours.

Staffing stocks could be more active today than normal after the read on unemployment. On watch: ASGN, MAN, KFRC, RHI, DHX, MWW, KELYA, TBI, BBSI, AHS.

Treasury ETFs:  TBT, TLT, TMV, SHY, IEF, TBF, PST, EDV, TTT, TMF, TLH, ZROZ, SBND, IEI, DLBS, TYO, DTYS, VGLT, UST, BIL, SHV, UBT, TBX, VGIT, TLO, VGSH, GSY, DTYL, SCHO, LBND, SCHR, ITE, TYD, DTUL, TYBS, TENZ, DTUS, SST, TUZ, FIVZ, TBZ, DFVL, DLBL, DFVS, TYNS

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Comments (4)
  • AZ Desert Trader
    , contributor
    Comments (309) | Send Message
     
    So what does all this really mean? Heck if I know!
    7 Feb 2014, 08:40 AM Reply Like
  • nrg41942
    , contributor
    Comments (12) | Send Message
     
    Let the rationalizations begin.
    7 Feb 2014, 08:50 AM Reply Like
  • Tom Armistead
    , contributor
    Comments (6086) | Send Message
     
    Government payrolls were down, manufacturing was up...

     

    You could look at that from the right, or from the left, it's still good news.
    7 Feb 2014, 08:50 AM Reply Like
  • chopchop0
    , contributor
    Comments (4705) | Send Message
     
    LFPR actually up. that sounds meaningful.
    7 Feb 2014, 09:27 AM Reply Like
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