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.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
March 07, 2025 04:13 ET (09:13 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.