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Barron's Jobs Data, Target and Costco Earnings, and More to Watch This Week

February jobs data and the final stretch of fourth-quarter earnings season will keep investors busy this week.

On Friday, the Bureau of Labor Statistics will report February employment figures. Economists’ average estimate is for a gain of 200,000 nonfarm payrolls and a steady unemployment rate at 3.7%. Surprisingly strong January jobs growth totaled 353,000 jobs.

That report will follow Wednesday’s Job Openings and Labor Turnover Survey. The consensus forecast is for 8.9 million job openings on the last business day of January, which would be down slightly from December.

Earnings reports to watch this week will come from  GitLab on Monday, Target and  CrowdStrike Holdings on Tuesday, and  Brown-Forman and Campbell Soup on Wednesday. On Thursday, Broadcom, Costco Wholesale, and Kroger  release results.

Other economic-data highlights will include the Institute for Supply Management’s Services Purchasing Managers’ Index for February on Tuesday and the Federal Reserve’s second Beige Book of 2024 on Wednesday.

Finally, the European Central Bank will announce a monetary-policy decision on Thursday.

Monday 3/4 GitLab reports fourth-quarter fiscal-2024 results.

Tuesday 3/5 CrowdStrike Holdings, Ross Stores, and Target report earnings.

The Institute for Supply Management releases its Services Purchasing Managers’ Index for February. Consensus estimate is for a 52.5 reading, roughly one point less than in January.

Wednesday 3/6 Abercrombie & Fitch, Brown-Forman, and Campbell Soup announce quarterly results.