Stocks Futures Modestly Higher on Heels of Key Payrolls Data

This morning's highly-anticipated jobs report showed nonfarm payrolls rising a higher-than-expected 311,000, compared to analyst estimates of 225,000, as jobs growth stays strong. Meanwhile, the unemployment rate rose 3.6%, and average hourly earnings added 0.2% in February. The major indexes are modestly higher before the bell, with Dow Jones Industrial Average (DJIA) futures up 38 points. 

Continue reading for more on today's market, including:.

• Options traders clued into these stock moves. 
• Breaking down the value of 0DTE options. 
• Plus, DOCU brushes off results beat; SIVB extending its drop; and RBLX upgraded. 

5 Things You Need to Know Today

1. The Cboe Options Exchange (CBOE) saw over 1.1 million call contracts and 898,849 put contracts traded on Thursday. The single-session equity put/call ratio rose to 0.81 and the 21-day moving average stayed at 0.78.
2. The shares of DocuSign Inc (NASDAQ:DOCU) are down 14.1% premarket, despite the company's fourth-quarter beat, after its weak full-year forecast amid news that CFO Cynthia Gaylor is stepping down. Plus, J.P. Morgan Securities downgraded the stock to "underweight" from "neutral," while a handful of other analysts chimed in with price-target cuts. Year-to-date, the equity is down 16.2%. 
3. SVB Financial Group (NASDAQ:SIVB) is extending yesterday's slide ahead of the open, after dragging the entire bank sector alongside Silvergate Capital (SI). SIVB is down 62.8% before the bell and sporting a 53.9% year-to-date deficit heading into today. 
4. Jefferies upgraded Roblox Corp (NYSE:RBLX) to "buy" from "hold," with a price-target hike to $48 from $30, calling the video game name one of the best internet stocks. RBLX is up 3.3% in electronic trading, and sporting a 40.3% year-to-date lead. 
5. Today will bring the Federal budget balance.

Stocks Move Lower Overseas

Asian markets settled lower Friday, mirroring the stateside selloff. Hong Kong’s Hang Seng and China’s Shanghai Composite fell 3% and 1.4%, respectively, after Xi Jinping became the country’s first president to secure a third term in office. Elsewhere, South Korea’s Kospi lost 1%, and the Nikkei in Japan shed 1.7% as the Bank of Japan (BoJ) approved Kazuo Ueda as its next governor while keeping rates at -0.1%.

European markets are also in the red, with the banking sector leading losses after Silicon Valley Bank (SIVB) moved to raise capital. In other news, the U.K. economy grew 0.3% in January, defying recession expectations. Still, London’s FTSE 100 is down 1.7% at last check, while the German DAX is 1.3% lower, and France’s CAC 40 is off 1.2%.