S&P 500 futures and Treasury yields gain as March labor report shows resilient economy
in March, about in line with expectations, with the unemployment rate falling to 3.5% from 3.6% a month earlier. Expectations were for a 238,000 increase in non-farm payrolls, based on the consensus estimate from Dow Jones economists. Those same economists anticipated the unemployment rate holding steady at 3.6%.The New York Stock Exchange is closed for Good Friday, so regular trading won't begin until Monday. Futures and bond trading close early on Friday.
The S&P 500 lost 0.1% for the week ended Thursday, breaking a 3-week win streak as a series of weak labor data points hinted to investors that a recession could be near. The Nasdaq Composite was down 1.1% for the week, while the Dow squeaked out a small gain.
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