This week, market attention will be centered on earnings from major retailers and a key jobs report. Target and Best Buy are set to release their earnings on Tuesday. This will be followed by reports from Macy's, Kroger, Costco Wholesale, Gap, and Burlington Stores on Thursday. Additionally, the labor market will be in the spotlight with the Bureau of Labor Statistics' February jobs report scheduled for release on Friday. According to the consensus forecast from FactSet, February's nonfarm payrolls report is anticipated to show an increase of 160,000 jobs, up from January's gain of 143,000 jobs. The unemployment rate is expected to hold steady at 4%. Meanwhile, average hourly earnings are projected to decrease by 0.3% month-over-month, down from the previous month's increase of 0.5%. If unemployment comes in higher than expected, anticipate talks of rate cuts to begin again. While the market may look to blame DOGE for a weakening job market.
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