Jobs Data Subdues Dow Jones Industrial Average Futures

After initially signaling a positive open, Dow Jones Industrial Average (DJIA) futures have dipped following the release of the nonfarm payrolls report. The Labor Department's reading showed an increase of 151,000 U.S. jobs for January, falling short of economists' expectations, though the unemployment rate fell to an eight-year low of 4.9%. In addition, U.S. exports fell for the first time since 2009 last year. As such, traders are mostly unconcerned with oil futures, with March-dated crude up 1% around $32 per barrel. 

Continue reading for more on today's market, including:

• Why these 20 stocks want to see Peyton Manning lead the Broncos to a win. 
• What has Ambarella Inc (NASDAQ:AMBA) calls so hot? 
• The analyst note that sent this biotech spiraling. 
• Plus... Japan slips again amid a surging yen, LinkedIn targets multi-year lows, and the airline that continues to impress. 

 

Futures on the Dow Jones Industrial Average (DJIA) are almost 90 points below fair value. 

5 Things You Need to Know Today

 

1. As the yen strengthened, Japan's Nikkei suffered heavy losses once again, while European stocks are searching for direction at midday. 
2. The Chicago Board Options Exchange (CBOE) saw 861,435 call contracts traded on Thursday, compared to 642,858 put contracts. The resultant single-session equity put/call ratio dropped to 0.75, while the 21-day moving average edged down to 0.75. 
3. LinkedIn Corp (NYSE:LNKD) option bears could be lining up to cash in their bets, as shares of the professional networking site are off over 30% ahead of the open. While the company's fourth-quarter earnings were in line with expectations, its current-quarter and full-year revenue outlooks were well below what was expected. The potential drop would have LNKD at levels not seen in almost three years. 
4. Travel concern Southwest Airlines Co (NYSE:LUV) continues to release positive data. Specifically, the company announced a more than 11% year-over-year jump in revenue passenger miles for January. Earlier this month, LUV reported a record-breaking fourth quarter. 
5. After storming higher following its previous earnings release, it doesn't appear software producer Tableau Software Inc (NYSE:DATA) will be so lucky this time around. In fact, the shares have slipped over 37% in electronic trade, after the company unexpectedly cut its full-year outlook. 

 

Earnings and Economic Data

CME Group (CME), Estee Lauder (EL), Tyson Foods (TSN), USG Corporation (USG), and Weyerhaeuser (WY) will round out the week's lineup of earnings reports, while Corning (GLW) will host its annual investor day. To see what's coming up on next week's agenda, click here.