Dow, S&P 500, Nasdaq futures rise ahead of jobs data
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- US stock futures for the S&P 500 (ES=F) gained 0.5%, Dow (YM=F) edged higher by 0.5%, and Nasdaq 100 (NQ=F) rose 0.4%, entering a holiday-shortened week.
- Oil prices surged, with Brent (BZ=F) up 2% to $107 a barrel and West Texas Intermediate (CL=F) gaining nearly 2% above $100, after President Trump expressed a preference for US control of Iran's oil industry.
- European markets are rising, according to CNBC, even as the Iran war intensifies and economic sentiment sours, contrasting with the US market's recovery.
- Investors are bracing for key labor market indicators this week, including JOLTS, ADP private payrolls, and the March jobs report, which will take on heightened significance.
- Bill Ackman suggests that the market's wobble amid the Iran war has left world-beating U.S. stocks 'extremely cheap,' as reported by MarketWatch.
- Wall Street analysts recommend buying two AI stocks with 98% and 115% upside, despite the Nasdaq correction, according to Motley Fool.
- Nike (NKE) earnings will offer insight into consumer trends, while USA Rare Earth (USAR) and Trilogy Metals (TMQ) will provide a health check on the minerals industry.
- NSE and BSE will be shut tomorrow for Mahavir Jayanti, as noted by Economic Times Markets, highlighting upcoming stock market holidays.
Why it matters: The March jobs report, due this week, will provide crucial economic direction after January-February job number volatility.
