Market Snapshot: Stock futures point to further gains after ‘Goldilocks’ jobs report [MarketWatch]
OCLARO (OCLR)
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Source: MarketWatch
Stock futures point to further gains after ‘Goldilocks’ jobs report U.S. stock-index futures pointed to a higher open on Monday, with the Nasdaq set to mark a return to record territory as investors continued to view last week’s jobs report as suggesting an ideal environment for investing in stocks. Friday’s labor data for February, which revealed solid jobs growth, but a smaller increase in wages. That helped to assuage some worries about the pace and intensity of Federal Reserve interest-rate hikes this year. Dow Jones Industrial Average futures YMM8, +0.22% rose 58 points, or 0.2%, to 25,419, while S&P 500 futures ESM8, +0.24% rose 6.5 points, or 0.3%, to 2,795.20. Nasdaq-100 futures NQM8, +0.39% climbed 30 points, or 0.4%, to 7,155.25. On Friday , the Dow DJIA, +0.27% surged 440.53 points, or 1.8%, to end at 25,335.74, marking the first time the blue-chip index has finished above 25,000 since Feb. 28. The index gained 3.3% for the week. The S&P 500 index SPX, +0.24%
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