Markets are gearing up for another US NFP print on Friday, and investors expect the February jobs additions to be 200K, down from January’s 11-month peak of 353K new payroll positions.
NFP Preview: Forecasts from 10 major banks, employment continues to rise strongly
Intel Corp. (INTC) is leading the Tech Sector charge on the Dow Jones on Thursday, climbing nearly 4% to trade above $46.00 per share. On the downside, the day’s weakest performer on the Dow 30 is Amgen Inc. (AMGN), falling around 1.75% to trade below $272.00 per share after the biotech company’s board revealed a $2.25 per share dividend. The dividend is slated to be paid out on June 7. AMGN’s stock sees further discounting as Amgen currently holds a Forward P/E ratio of 14.39 compared to the industry average of 22.45 by similar companies in the same sector
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