The U.S. economy added 273,000 jobs in February, beating expectations of 175,000 new payrolls last month. The unemployment rate also fell back to 3.5%, matching its lowest level in more than 50 years.
The declines in futures came as the benchmark 10-year Treasury yield tumbled to below 0.7% for the first time ever. Investors continued to seek safer assets amid fears that the coronavirus will disrupt global supply chains and tip the economy into a recession. Another haven asset gold is on track for its best week since 2008.
The premarket moves came amid a roller-coaster trading week on Wall Street, which saw the 30-stock Dow swing 1,000 points or higher twice within three days earlier this week. Friday’s declines extended a deep rout for stocks, adding to a 969-point loss for the Dow in the previous session.
