Traders Eye Jobs Report as US Equity Futures Slip Pre-Bell

BY MT Newswires | ECONOMIC | 03/06/26 08:21 AM EST

08:21 AM EST, 03/06/2026 (MT Newswires) -- US equity futures were lower pre-bell Friday as traders looked ahead to the crucial monthly jobs report.

Dow Jones Industrial Average futures were down 0.7%, S&P 500 futures were 0.7% lower, and Nasdaq futures were down 0.9%.

The conflict between the US, Israel, and Iran entered its seventh day on Friday, with Tehran effectively shutting down the Strait of Hormuz, a key global shipping chokepoint.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3.3% at $88.27 per barrel and US West Texas Intermediate crude 5.4% higher at $85.42 per barrel.

The February jobs report, scheduled for release at 8:30 am ET, is expected to show a 55,000 increase in nonfarm payrolls following a 130,000 rise in the prior month. The unemployment rate is projected to hold steady at 4.3%. Meanwhile, retail sales are expected to decline 0.3% for January, according to estimates compiled by Bloomberg.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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