{"id":111435,"date":"2021-04-07T05:56:44","date_gmt":"2021-04-07T05:56:44","guid":{"rendered":"https:\/\/fin2me.com\/?p=111435"},"modified":"2021-04-07T05:56:44","modified_gmt":"2021-04-07T05:56:44","slug":"futures-gain-after-robust-monthly-jobs-report","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/futures-gain-after-robust-monthly-jobs-report\/","title":{"rendered":"Futures gain after robust monthly jobs report"},"content":{"rendered":"
FILE PHOTO: A U.S. flag flies outside The Federal Reserve Bank of New York in New York City, U.S., March 29, 2021. REUTERS\/Brendan McDermid\/File Photo<\/figcaption>

(Reuters) – U.S. stock index futures gained on Monday, as investors returning from a long weekend cheered data showing strongest jobs growth in seven months that could mark the beginning of the best annual economic growth in nearly four decades.<\/p>\n

Futures tracking the domestically focused Russell 2000 jumped about 1.5% as Friday\u2019s report showed U.S. nonfarm payrolls surged by 916,000 jobs in March, well above 647,000 forecast by a Reuters poll of economists.<\/p>\n

Shares of U.S. banks, industrial and material firms including Bank of America, JPMorgan Chase & Co, Boeing Co and Dow Inc, which are poised to benefit from an improving economy, firmed about 1% each in premarket trading.<\/p>\n

With speedy vaccinations and additional government stimulus helping the S&P 500 and the Dow clinch all-time highs, investors will now look to progress on a massive infrastructure plan and the upcoming corporate earnings season for insight on the sustainability of the rally.<\/p>\n

The Nasdaq is still about 5% below its record peak from February after high-growth tech stocks were hurt by a spike in bond yields.<\/p>\n

Heavyweight Tesla Inc rose 7.6% after the world\u2019s most valuable carmaker posted record deliveries, as solid demand for its electric cars offset the impact of a global shortage of chips.<\/p>\n

At 6:18 a.m. ET, Dow E-minis were up 208 points, or 0.63%, S&P 500 E-minis were up 21.5 points, or 0.54% and Nasdaq 100 E-minis were up 63.75 points, or 0.48%.<\/p>\n

Investors will get a fresh glimpse of the U.S. economic health in the form of ISM\u2019s survey of the services sector, which accounts for more than two-thirds of U.S. economic activity. The data is due at 10 a.m. ET (1400 GMT).<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: A U.S. flag flies outside The Federal Reserve Bank of New York in New York City, U.S., March 29, 2021. 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