US Futures Dip After Strong Jobs Report; Markets Closed for Good Friday
U.S. stock futures traded modestly lower on Friday morning despite the New York Stock Exchange being closed for the Good Friday holiday. This decline followed a surprisingly strong March jobs report, which showed American employers added 178,000 new jobs and pushed the unemployment rate down to 4.3%. While equities were halted, energy markets also remained closed after crude oil prices surged significantly on Thursday due to fears of an extended conflict in Iran. President Donald Trump vowed continued attacks on Iran without a clear end date, raising concerns about long-term disruptions in the Strait of Hormuz. In contrast to U.S. trading pauses, Asian markets saw mixed results, with Japan's Nikkei and South Korea's Kospi rising, while China's Shanghai Composite fell. Most major global exchanges, including those in Europe and parts of Asia, were closed for the religious holiday.
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US Futures Dip After Strong Jobs Report; Markets Closed for Good Friday
U.S. stock futures traded modestly lower on Friday morning despite the New York Stock Exchange being closed for the Good Friday holiday. This decline followed a surprisingly strong March jobs report, which showed American employers added 178,000 new jobs and pushed the unemployment rate down to 4.3%. While equities were halted, energy markets also remained closed after crude oil prices surged significantly on Thursday due to fears of an extended conflict in Iran. President Donald Trump vowed continued attacks on Iran without a clear end date, raising concerns about long-term disruptions in the Strait of Hormuz. In contrast to U.S. trading pauses, Asian markets saw mixed results, with Japan's Nikkei and South Korea's Kospi rising, while China's Shanghai Composite fell. Most major global exchanges, including those in Europe and parts of Asia, were closed for the religious holiday.
AP News