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The markets and economy roundup from Nasdaq’s IR team: The S&P 500 is flat due to a spike in rates offsetting strong tech earnings. A strong jobs report reveals +353K jobs in January vs an estimate of 185K. Unemployment is at 3.7% with wage growth +0.6%. Source: CNBC

Market highlights: Facebook parent Meta (+17%) initiates a dividend, regional banks are down 7.60% this week, and activist investors push Mattel to fix American Girl and Fisher-Price brands. DJ -0.4% S&P500 +0.4% Nasdaq +0.9% R2K -1.2% Cdn TSX -0.3% Stoxx Europe 600 +0.3% APAC stocks are mixed. Source: Various

Investors pull ExxonMobil climate motion after oil supermajor sues. Indebted Pemex sets long-awaited carbon dioxide reduction goals. Mexico’s state-owned oil company pledges to meet government emissions goals. Source: FT and BNN

In market macro and corporate news: China pledges to stick with fiscal expansion to spur the economy. Inflation falls below 3 percent for the first time in 6 months. Investors pile into stocks and dump US Treasuries. Bond traders are caught offside after NYCB shock sparks stampede. Source: Various

Oil and energy headlines: The US foils attacks off Yemen as Houthis keep targeting the Red Sea. OPEC+ committee offers no recommendation on oil quotas and will ‘closely assess’ the market. Rising US oil production frustrates OPEC+ cuts. Trudeau faces a daunting path to the sale of Canada’s $26 billion oil pipeline. Source: Various



Read more: Equities Mixed and Yields Higher on Strong Jobs Report