There is plenty of economic data to unpack this morning
This morning's highly-anticipated jobs report showed nonfarm payrolls rising a higher-than-expected 311,000, compared to analyst estimates of 225,000, as jobs growth stays strong. Meanwhile, the unemployment rate rose 3.6%, and average hourly earnings added 0.2% in February. The major indexes are modestly higher before the bell, with Dow Jones Industrial Average (DJIA) futures up 38 points.
Continue reading for more on today's market, including:.
- Options traders clued into these stock moves.
- Breaking down the value of 0DTE options.
- Plus, DOCU brushes off results beat; SIVB extending its drop; and RBLX upgraded.

5 Things You Need to Know Today
- The Cboe Options Exchange (CBOE) saw over 1.1 million call contracts and 898,849 put contracts traded on Thursday. The single-session equity put/call ratio rose to 0.81 and the 21-day moving average stayed at 0.78.
- The shares of DocuSign Inc (NASDAQ:DOCU) are down 14.1% premarket, despite the company's fourth-quarter beat, after its weak full-year forecast amid news that CFO Cynthia Gaylor is stepping down. Plus, J.P. Morgan Securities downgraded the stock to "underweight" from "neutral," while a handful of other analysts chimed in with price-target cuts. Year-to-date, the equity is down 16.2%.
- SVB Financial Group (NASDAQ:SIVB) is extending yesterday's slide ahead of the open, after dragging the entire bank sector alongside Silvergate Capital (SI). SIVB is down 62.8% before the bell and sporting a 53.9% year-to-date deficit heading into today.
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Jefferies upgraded Roblox Corp (NYSE:RBLX) to "buy" from "hold," with a price-target hike to $48 from $30, calling the video game name one of the best internet stocks. RBLX is up 3.3% in electronic trading, and sporting a 40.3% year-to-date lead.
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Stocks Move Lower Overseas
Asian markets settled lower Friday, mirroring the stateside selloff. Hong Kong’s Hang Seng and China’s Shanghai Composite fell 3% and 1.4%, respectively, after Xi Jinping became the country’s first president to secure a third term in office. Elsewhere, South Korea’s Kospi lost 1%, and the Nikkei in Japan shed 1.7% as the Bank of Japan (BoJ) approved Kazuo Ueda as its next governor while keeping rates at -0.1%.
European markets are also in the red, with the banking sector leading losses after Silicon Valley Bank (SIVB) moved to raise capital. In other news, the U.K. economy grew 0.3% in January, defying recession expectations. Still, London’s FTSE 100 is down 1.7% at last check, while the German DAX is 1.3% lower, and France’s CAC 40 is off 1.2%.