Futures Movers: U.S. stock futures shoot higher after strong jobs report

United States

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

Dow Jones Industrial Average futures YM00, +0.63% were up about 200 points Sunday evening, or 0.6%, while S&P 500 futures ES00, +0.51% and Nasdaq-100 futures NQ00, +0.19% also showed solid gains.

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.