U.S. companies significantly scaled back hiring in February, adding only 77,000 jobs. This figure is about half of what was anticipated and well below the revised total of 186,000 jobs from January, indicating a potential economic slowdown.

Wall Street responded calmly to this report as investors await the upcoming government employment data. The lower job growth figures are viewed as further evidence that could support additional interest rate cuts by the Federal Reserve.

Additionally, tariffs continue to be a major concern following a recent decline in the stock market and a speech by President Trump to Congress. There is speculation that the 25% tariffs on Canada and Mexico may be reconsidered, contributing to ongoing discussions about trade policies.

📎 Related coverage from: cnbc.com