What Happened?

A number of stocks fell in the afternoon session after a dismal February jobs report revealed an unexpected drop in employment, fueling concerns about the health of the economy. 

The U.S. Bureau of Labor Statistics reported a loss of 92,000 nonfarm payroll jobs, a stark contrast to economists' forecasts which had anticipated a gain. The unemployment rate also edged up to 4.4%. Adding to the bleak picture, employment data for December and January was revised down by a combined 69,000, suggesting the labor market was weaker than previously understood. This report, described by an analyst as a "knock-down blow," indicates that economic weakness is widespread, with job losses occurring in nearly every sector. Such data can signal a potential economic slowdown, which typically leads to lower corporate earnings and reduced consumer spending, rattling investor confidence across the market.

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:

• Industrial & Environmental Services company Pitney Bowes (NYSE: PBI) fell 4.9%. Is now the time to buy Pitney Bowes? Access our full analysis report here, it’s free.
• Electronic Components & Manufacturing company Rogers (NYSE: ROG) fell 5.1%. Is now the time to buy Rogers? Access our full analysis report here, it’s free.
• Business Process Outsourcing & Consulting company CRA (NASDAQ: CRAI) fell 4.7%. Is now the time to buy CRA? Access our full analysis report here, it’s free.
• Business Process Outsourcing & Consulting company Exponent (NASDAQ: EXPO) fell 4.2%. Is now the time to buy Exponent? Access our full analysis report here, it’s free.
• Office & Commercial Furniture company HNI (NYSE: HNI) fell 3.9%. Is now the time to buy HNI? Access our full analysis report here, it’s free.

Zooming In On Rogers (ROG)

Rogers’s shares are somewhat volatile and have had 13 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.

The previous big move we wrote about was 17 days ago when the stock dropped 4.3% on the news that investor fears over artificial intelligence disrupting the software industry sparked a broad sell-off. 

The anxiety stemmed from the rapid adoption of new 'agentic AI' tools, which some investors believed could dismantle traditional Software-as-a-Service (SaaS) business models. This 'AI Panic' led to indiscriminate selling across the sector. The market move reflected growing concerns about the downside of the AI boom for established software companies.

Rogers is up 12% since the beginning of the year, and at $102.96 per share, it is trading close to its 52-week high of $111.91 from March 2026. Investors who bought $1,000 worth of Rogers’s shares 5 years ago would now be looking at an investment worth $587.79.

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