By Krystal Hur
Investors expect a big stock-market move after the February jobs report is released Friday morning.
Pricing in the options market shows traders were recently betting on a 1.7% move in the S&P 500 index, higher or lower, according to Citigroup strategists.
Markets have been volatile in recent days, with investors following President Trump's tariff announcements closely.
The S&P 500 has swung at least 1% for six consecutive sessions, for the first time since November 2020, said Citi strategists in a Thursday note.
Investors will parse Friday's data to gauge the labor market's strength, after a spate of recent economic gauges came in weaker than expected.
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(END) Dow Jones Newswires
March 07, 2025 04:13 ET (09:13 GMT)
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