Finance

Dow futures jump more than 100 points after blowout jobs report

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Chef Eric Miggins prepares an order for takeout at the Tavern on Penn on Penn Ave in West Lawn Wednesday afternoon March 10, 2021.

Ben Hasty | MediaNews Group | Reading Eagle via Getty Images

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 136 points. S&P 500 futures rose 0.4% and Nasdaq 100 futures edged up 0.2%.

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…



Source cnbc.com

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