U.S. stock futures shoot higher after strong jobs report

U.S. stock futures shot out of the gate late Sunday, rising after Friday’s encouraging jobs report.

Dow Jones Industrial Average futures
YM00,
+0.63%

were up about 200 points Sunday evening, or 0.6%, while S&P 500 futures
ES00,
+0.53%

and Nasdaq-100 futures
NQ00,
+0.20%

also showed solid gains.

Markets were closed Friday for the Good Friday holiday. The major benchmarks wrapped up the holiday-shortened week with gains, with the S&P 500 
SPX,
+1.18%

 finishing above the 4,000 milestone for the first time. The S&P rose 1.2% for the week, while the Dow Jones Industrial Average 
DJIA,
+0.52%

gained 0.2% and the Nasdaq Composite 
COMP,
+1.76%

 advanced 2.6%.

On Friday, the federal jobs report smashed expectations, with the U.S. adding 916,000 in March as the unemployment rate fell to 6% from 6.2%. Job growth was widespread in March, led by gains in leisure and hospitality, public and private education, and construction, the Labor Department report showed.

Source link