U.S. Stocks Rise on Jobs Gains; Under Armour Reaffirms Guidance

U.S. stocks remained in positive territory on Friday, after fresh data showed the labor market roared in February. The Dow Jones Industrial Average broke 17,000 while the S&P 500 flirted with 2,000. The economy added 242,000 jobs in February, beating estimates of 190,000. Past months were revised higher netting the economy an extra 30,000 jobs. Wages on the other hand, fell by a tenth of a percent, while economists were actually expecting an increase in wages. Meanwhile, Under Armour (UA) reiterated its full-year guidance - after retailer Sports Authority filed for bankruptcy this week and is set to close 140 stores nationwide. Under Armour expects revenue to rise 25 percent to $4.95 billion. Plus, the National Highway Traffic Safety Administration is investigating complaints of break failures on the Ford (F) F-150 pickup truck, affecting some 450,000 vehicles. TheStreet’s Scott Gamm reports from New York.