Read more: Fed Chair says removing restrictive stance of policy could begin this year
Markets are gearing up for another US NFP print on Friday, and investors expect the February jobs additions to be 200K, down from January’s 11-month peak of 353K new payroll positions.
NFP Preview: Forecasts from 10 major banks, employment continues to rise strongly
Intel Corp. (INTC) is leading the Tech Sector charge on the Dow Jones on Thursday, climbing nearly 4% to trade above $46.00 per share. On the downside, the day’s weakest performer on the Dow 30 is Amgen Inc. (AMGN), falling around 1.75% to trade below $272.00 per share after the biotech company’s board revealed a $2.25 per share dividend. The dividend is slated to be paid out on June 7. AMGN’s stock sees further discounting as Amgen currently holds a Forward P/E ratio of 14.39 compared to the industry average of 22.45 by similar companies in the same sector
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