The US stock market is expected to experience a critical day on Friday, as the release of the February jobs report and Federal Reserve Chair Jerome Powell’s midday speech are likely to have a significant impact on investor sentiment.
A recent decline in consumer confidence, coinciding with the start of President Donald Trump’s second term, has contributed to growing concerns about the economic toll of an accelerating trade war. This could lead to a correction in the Nasdaq, which is currently tumbling.
Investors should be prepared for a high-stakes day as they await news on the employment front and Powell’s speech, which may shed light on the Fed’s stance on interest rates and monetary policy.
Source: https://www.marketwatch.com/story/friday-could-be-a-critical-day-for-investors-with-a-high-stakes-jobs-report-and-a-powell-speech-74d133c3