Dow futures jump 150 points in overnight trading after blowout jobs report

By Yun Li8 days ago

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Traders on the floor of the New York Stock Exchange.

Source: CNBC

Stock futures climbed in overnight trading on Sunday as investors cheered a strong bounce in U.S. job growth last month amid accelerating vaccine rollout.

Futures on the Dow Jones Industrial Average jumped 200 points. S&P 500 futures rose 0.4% and Nasdaq 100 futures edged up 0.1%.

The Labor Department reported Friday that nonfarm payrolls increased by 916,000 in March, the highest since August 2020, while the unemployment rate fell to 6%. Economists surveyed by Dow Jones were expecting an increase of 675,000 and a jobless rate of 6%.

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