DOW JONES INDUSTRIAL AVERAGE FORECAST: DJIA IS THE SOLE INDEX TO GAIN GROUND ON NFP FRIDAY

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  • Dow Jones is in the green on Friday after a mixed US NFP print.
  • The S&P 500 and NASDAQ indexes are in the red on the day.
  • US NFP jobs data came in better than expected, but with steep revisions.

The Dow Jones Industrial Average (DJIA) is up around a quarter of a percent after US Nonfarm Payrolls (NFP) came in wildly mixed, sending broader markets into a confused tailspin. Equities gave a mixed performance as investors grapple with a still-firm US labor market and deep revising cuts to previous data.

Friday’s NFP print showed the US added 275K net new jobs in February, well above the forecast 200K, but January’s print saw a steep revision to 229K. The previous NFP print initially showed an 11-month high of 353K additions, and the large revision is hobbling the market’s ability to pick a direction to wrap up the trading week.


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