What Happened?
A number of stocks fell in the afternoon session after the release of a surprisingly weak February jobs report showed an unexpected drop in employment.
The U.S. economy lost 92,000 jobs, a stark contrast to economists' forecasts of a 60,000 gain. The unemployment rate also ticked up to 4.4% from 4.3% in January. This unexpected downturn in the labor market signals potential economic strain, which tends to negatively impact the financial industry. A weakening economy can lead to reduced borrowing and investment activity by businesses and consumers, directly affecting banks' revenues. Moreover, it raises concerns about the ability of borrowers to repay existing loans, increasing credit risk for lenders. The report was described as a 'knock-down blow' to the view that the labor market was stabilizing, fueling investor uncertainty.
The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks.
Among others, the following stocks were impacted:
- Diversified Capital Markets company StoneX (NASDAQ: SNEX) fell 5.3%. Is now the time to buy StoneX? Access our full analysis report here, it’s free.
- Personal Loan company Atlanticus Holdings (NASDAQ: ATLC) fell 5.4%. Is now the time to buy Atlanticus Holdings? Access our full analysis report here, it’s free.
Zooming In On Atlanticus Holdings (ATLC)
Atlanticus Holdings’s shares are very volatile and have had 27 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
Atlanticus Holdings is down 16.5% since the beginning of the year, and at $55.42 per share, it is trading 27.2% below its 52-week high of $76.15 from September 2025. Investors who bought $1,000 worth of Atlanticus Holdings’s shares 5 years ago would now be looking at an investment worth $1,915.
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