U.S. stock futures skyrocketed late Sunday and rose after Friday’s encouraging job report.
Dow Jones Industrial Average futures contract YM00,
rose more than 200 points on Sunday night, or 0.6%, while S&P 500 futures ES00,
and Nasdaq-100 futures NQ00,
also showed solid gains.
The markets were closed on Friday for the Good Friday holiday. The key metrics ended the holiday-shortened week with profits with the S&P 500 SPX,
and for the first time ended above the 4,000 milestone. The S&P rose 1.2% for the week, while the Dow Jones Industrial Average DJIA,
0.2% and the Nasdaq Composite COMP,
it advanced by 2.6%.
On Friday, the federal employment report lowered expectations, and the U.S. added 916,000 in March when the unemployment rate dropped to 6% from 6.2%. The growth in employment was widespread in March, led by the increase in leisure and hospitality, public and private education and construction, the Labor Department report showed.