U.S. Stocks Open Mixed Despite Strong February Jobs Report

U.S. stocks opened mixed after February’s jobs report came in much better than expected. There were 242,000 new jobs created, and revisions for the past two months showed stronger employment growth. The unemployment rate held steady at 4.9%. On the earnings front, Staples (SPLS) reported results that came in slightly below analyst forecasts, while Big Lots (BIG)reported earnings that topped expectations. SunEdison (SUNE) is a stock to watch, as it reached a settlement with shareholders from a company it had been looking to purchase but decided against. The week ends with a merger in the movie theater business, as AMC (AMC) agreed to buy Carmike Cinemas (CKEC), creating the largest chain the U.S.. TheStreet's Rhonda Schaffler has details from Wall Street.