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5 things to know before the stock market opens Friday, March 4

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These are the top news, trends, and analyses that traders need in order to get started with trading.

1. Fears about the Ukraine nuclear plant causing stock futures to fall

Trader working at the New York Stock Exchange, U.S.A, March 2, 2022. REUTERS/Brendan McDermid

Brendan McDermid | Reuters

Dow, S&P and Nasdaq futures droppedAfter Russia invaded Ukraine, set ablaze and took control of Europe’s biggest nuclear power station in Ukraine on Friday morning, nearly 1%. This is the U.S. government also reported stronger-than-expected February jobs growth before the opening bell on Wall Street. The Dow Jones Industrial AverageIt is the S&P 500And the NasdaqThey were already monitoring weekly declines. These stock benchmarks are all available fellThursday saw a 1.6% decline in the Nasdaq. Nasdaq dropped deeper into correction territory. This was measured in drops of 10 percent or more to its most recent highs. The Dow and S&P 500 teetered on the edge of corrections.

2. Payrolls rose by 678,000 in February, a surprising feat.

U.S. Economy created 678,000 nonfarm jobsThe Labor Department announced Friday that February was a record month. It was an increase that economists predicted to be much larger than it actually was. The unemployment rate dipped to 3.8%, a slightly steeper-than-forecast decline. As a sign of inflation cooling, wages rose by 5.1% last month, well below the estimates.

This is the last monthly report of the Federal Reserve before it meets on March 15, 16 and 15. Markets expect several interest rate increases this year. They will begin this month. Fed Chairman Jerome PowellHe stated the same before the House panel on Wednesday when he gave his speech. semiannual economic assessmentCapitol Hill

3. Due to the Russia-Ukraine conflict, bonds yields drop and U.S. crude oil prices increase

The perceived value to investors was sought safety of bondsFriday, ahead of the jobs report. Concerns about the escalated fighting in Ukraine. Benchmark 10-year Treasury yieldThe inverse relationship between price and yen was reduced to about 1.78%. This Wednesday’s 10-year yield witnessed its greatest one-session rise since March 2020.

U.S. oil prices jumped Friday — but not as high as the previous day’s near 14-year high of more than $116 per barrel. The early session surge on Thursday was followed by a drop in Friday’s price. West Texas Intermediate crudeNew York traded down by more than 2.6% as the market turned lower. WTI rose 17.5% in the last week despite worries over Russian aggression.

4. Russian forces seize major Ukrainian nuclear power plant

The screen capture of a video shows Zaporizhzhia Nuclear Power Plant during a fire that broke out following clashes at Zaporizhzhia in Ukraine, March 4, 2022.

Anadolu Agency | Anadolu Agency | Getty Images

Ukrainian firefighters celebrate Friday put out a blazeRussian forces captured the Zaporizhzhia nuclear power plant overnight. According to officials from Ukraine and the United Nations, no radiation was released. Russian troops overtook the Ukrainian decommissioned Chornobyl facility in Ukraine in the first days of the invasion. It was there that the 1986 world’s worst nuclear disaster occurred. Russian President Vladimir Putin urged neighbouring countries to refrain from escalating tensions on Friday.

5. Gap shares surge after the retailer gives positive guidance for 2022

Gap New York store, August 2, 2020.

Scott Mlyn | CNBC

GapShares rose 7% Friday morning’s premarket after an apparel retailer announced an offer for an 8% discount. upbeat profit forecast for 2022Despite rising inflation and logistical difficulties, they are still profitable. Gap continues to struggle in the short term. American Eagle Outfitters, Abercrombie & Fitch, Urban OutfittersAnd Victoria’s Secret. Gap’s fiscal fourth quarter revenue fell below pre-Covid levels, but was higher than the estimates. The company behind its namesake Gap brand as well as Banana Republic and Old Navy also delivered a narrower-than-expected holiday-quarter loss.

— Reuters and The Associated Press contributed to this report. Sign up now for the CNBC Investing Club to Follow Jim Cramer on every stock trade. As a professional, follow the wider market action. CNBC Pro.

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