Looks like another UP Day!!! Big Bad Jobs Report tomorrow, bring it on I ain't SCARED!!
This should give the Market a little kick up Monday!!
U.S. Stock Futures, Treasury Yields Gain as Employment Rises
By John Detrixhe and Elizabeth Stanton
April 2 (Bloomberg) -- U.S. stock-index futures advanced after employers added the most jobs in three years, boosting optimism that the economic recovery is accelerating. Yields on 10-year Treasuries climbed.
Payrolls rose by 162,000 last month, less than anticipated, after a revised 14,000 decrease in February that was smaller than initially estimated, figures from the Labor Department in Washington showed today. The increase included 48,000 temporary workers hired by the government to help conduct the 2010 census. Average hourly earnings fell and hours worked rose.
Standard & Poor’s 500 Index futures expiring in June rose 0.2 percent to 1,176.20 at 8:54 a.m. in New York. U.S. stock exchanges are closed today for the Good Friday holiday, and futures trading will end at 9:15 a.m. The yield on the 10-year Treasury increased 0.05 percentage point to 3.92 percent.
“It’s a step forward, but it’s a modest step forward in terms of jobs,” said Michael Holland, who oversees more than $4 billion as chairman of Holland & Co. in New York. “That’s a good thing because it’s mean we’re creating some jobs, but it means it’s not a surprise to the upside. There’s nothing bad about it either.”
U.S. stocks completed a fifth straight weekly gain yesterday, sending the Standard & Poor’s 500 Index and the Dow Jones Industrial Average to their highest closes in 18 months, amid fresh signs the economy is recovering.
$84 a Barrel
Energy companies led the advance as crude oil exceeded $84 a barrel for the first time since October 2008. [more]
http://www.bloomberg.com/apps/news?pid=20601087&sid=a2R4wM0AUPBs&pos=2