US Stock Futures Soar After Strong Employment Report

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US equity futures soared Sunday night, rising after Friday’s encouraging employment report. Dow Jones Industrial Average YM00 futures, + 0.43% were up around 150 points Sunday night, or 0.5%, while S&P 500 ES00 futures, + 0.39% and Nasdaq-100 NQ00 futures, + 0.14 % also showed gains.

The markets were closed on Friday for the holiday of Good Friday. Major benchmarks closed 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% on 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, and the United States added 916,000 in March as the unemployment rate fell to 6% from 6.2%. Job growth was widespread in March, driven by advances in entertainment and hospitality, public and private education and construction, the Labor Department report showed.