Nasdaq Futures hold steady post a stock market dip caused by February's addition of 275,000 new hires

Following a setback last Friday, when another strong economic report caused tech stocks to stumble, the Nasdaq futures are showing a slow recovery on Monday.

The index dropped 1.1% on Friday, surprising analysts who were expecting a more modest impact from the addition of 275,000 new jobs in February. This unexpected surge in hiring, following January's impressive figure of 353,000 new hires, suggests a tightening job market and potentially signals a stable post-inflation economy.

However, the strong job growth did little to alleviate concerns about inflation, with wage growth remaining steady. Tech giants like Nvidia, Meta, and Tesla bore the brunt of Friday's downturn, with Nvidia experiencing a notable 5.6% decline.