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