Stock Futures Up Ahead of March Employment Report; regular trade closed on Good Friday

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Stock index futures rose ahead of a potentially successful March jobs report, although cash trading in equities, and most other markets, will remain closed due to Good Friday. Dow Jones Industrial Average YM00 futures, + 0.17%, rose 57 points, or 0.2%, to 33.094, while S&P 500 ES00 futures, + 0.30% were up 10.85 points, or 0, 3% to 4,020.75 and Nasdaq-100 NQM21 futures + 0.32% were up 32.50 points, or 0.2%, to 13,348.50.

Need to know: Why the jobs report will be important, even if no one is around to exchange it Major benchmarks, meanwhile, wrapped up a holiday shortened week on Thursday, with the S&P 500 SPX, + 1.18% finishing above the 4,000 milestone for the first time. The S&P posted a 1.2% weekly gain, while the Dow Jones Industrial Average DJIA, + 0.52%, rose 0.2% and the Nasdaq Composite COMP, + 1.76% advanced 2.6%. See: Friday’s jobs report to be released on a closed stock market; That’s only happened 12 times since 1980 Futures will close at 9:15 am ET, just 45 minutes after the March jobs report was released. Economists polled by Dow Jones Newswires and The Wall Street Journal, on average, estimated that the report will show 675,000 new jobs were created in March, with some economists expecting the number to exceed one million. Read: Is the bag open on Good Friday? Here are the bags closed for the holidays and Easter Monday A report that beats estimates “could still be seen as ‘good news is bad news’, that is, that the speed of the recovery may now lead the Fed to reduce the QE sooner than they would have done previously, “said technical analyst Ed Matts, founder of Matrixtrade.com, in a note.” This would result in an instantaneous (unsustained) rise in Treasury yields and a pullback. in stocks. “Treasury trading will be open for the jobs report, and Sifma will report a close at noon for cash bond trading. Yield on the 10-year Treasury note TMUBMUSD10Y, 1,682% down less than 1 basis point at 1,678% Bond yields and prices move in opposite directions See also: Easter holiday schedule could leave bond traders vulnerable on highly successful business day